A tax deed is a legal document that grants ownership of a property to a government entity when the property owner falls into arrears on property taxes.
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Greece defaulting on its debt was astounding and left many wondering how Greece’s situation became so dire.
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Onder de 198 landen die zijn vertegenwoordigd op de klimaattop in Dubai zijn tientallen landen die volledig uit eilanden bestaan. Een stijgende zeespiegel en extreem weer bedreigt hun voortbestaan. "We hopen op snelle klimaatactie, onze overlevingskans hangt ervan af."
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(Bloomberg) -- Broadcom Inc., which just completed the acquisition of VMware Inc. for more than $60 billion, posted its slowest sales growth since 2020 as the chipmaker tries to pull out of an industrywide slump. Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferCarlyle’s Rubenstein Is in Talks to Acquire Baltimore OriolesWall Street’s AI Craze Drives Nasdaq 100 Up 1.5%: Markets WrapApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpHarvard, Pe
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(Reuters) -Chipmaker Broadcom forecast annual revenue below Wall Street estimates on Thursday, hurt by weak enterprise spending and stiff competition in the networking chips space. Shares of the San Jose, California-based company, which recently closed its acquisition of cloud computing firm VMware, fell more than 1% in extended trading. In fiscal 2024, the company expects revenue of about $50.0 billion including contribution from VMware.
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Speaking out for the first time since the shake-up at OpenAI, ex–board member Helen Toner told her side of the story in an interview with the Wall Street Journal.
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Investors' use of tax-loss harvesting involves knowing both the positives and the negatives.
( 27
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Wall Street is worried about the company’s recent results, but Siebel says he sees opportunity to grab share.
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GameStop shares (GME) rose, shrugging off early declines, as investors digested quarterly results that included a 9% drop in quarterly sales and narrowing losses.
The stock was recently up a bit more than 6%. For the latest quarter:
Net sales were $1
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J.P. Morgan analyst Seth Seifman looked at the profitability of the 737 MAX in a recent report. There is no profitability—yet.
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Microsoft Corp. (NASDAQ:MSFT) and Meta Platforms Inc. (NASDAQ:META) are two of the world's most well-known tech companies. For this reason, it's natural for both to receive an extraordinary amount of attention from investors. No two companies are the same regarding stock market returns. If you want to improve your chance of future success, you need to review past performance. If you want to diversify your portfolio, consider investing in startups in addition to publicly traded companies. You can
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Ark Investment Management, led by well-known investor Cathie Wood, sold more than 700,000 shares of Grayscale Bitcoin Trust (GBTC) last month. The holdings equate to more than $21 million and were offloaded under Ark's Next Generation Internet exchange-traded fund (ETF) (ARKW). This is a significant portion of the fund’s $1.14 billion in holdings, so it is worth considering the underlying reasons. Ark is an asset management company that offers a variety of securities, ranging from technology-dri
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In the wake of Charlie Munger's death, the investment world, particularly in China, is reflecting on his legacy. Li Lu, the "Chinese Warren Buffett," hailed Munger as an "enlightened sage," likening him to historical figures of wisdom and virtue. The respect Munger gained in China highlights his global influence. Tesla Inc. CEO Elon Musk may not share the same sentiment. Musk’s business and investment methods differ from Munger’s and Warren Buffett’s approaches. Don’t Miss: Get equity and front
( 35
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Nvidia’s main rival, Advanced Micro Devices, made its case this week on why customers should buy its artificial-intelligence chips. But BofA Global Research isn’t too concerned about Nvidia’s latest competition.
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Vladimir Putin and the leader of Saudi Arabia have urged members of the Opec+ oil cartel to follow through with an agreement to cut supplies as oil prices plunge.
( 34
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Campbell Soup Co (NYSE: CPB) reported better-than-expected first-quarter earnings and reaffirmed FY24 guidance. Campbell Soup reported a first-quarter FY24 sales decline of 2% year-on-year to $2.52 billion, in line with analyst expectations. Adjusted EPS of 91 cents beat the analyst consensus of 88 cents, according to Benzinga Pro. With the recent buzz around Campbell Soup following strong earnings, some investors may be eyeing potential gains from the company’s dividends too. As of now, Campbel
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CosMC's is "what would happen if a McDonald's character from the 1980s that was part alien, part surfer, part robot" opened a restaurant, its CEO said.
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Advanced Micro Devices received some approving nods from Wall Street on the heels of its artificial intelligence event, thanks in particular to interest from tech giants like Microsoft and Meta Platforms.
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JetBlue Airways shares rose after the airline lifted its outlook for fourth-quarter sales, saying that demand for travel is holding up and bookings have accelerated into the holidays.
The airline is forecasting a 4% to 7% drop in fourth-quarter sales from a year ago, compared with a previous foreca
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Tesla lost a legal battle with Sweden's postal service on Thursday as a fight with Nordic trade unions escalates. A Swedish court said PostNord does not for the time being need to deliver licence plates to Tesla that are being blocked by the postal service's workers, in the latest twist in a fight over collective bargaining agreements. Tesla is facing growing pressure in Sweden, Norway and Denmark from unions backing Swedish IF Metall's mechanics who went on strike on Oct. 27 demanding a collective agreement with the company.
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Vanguard is pushing deeper into active management with the launch today of its second active bond exchange-traded fund. A third will follow later this month.
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The exit of a Johnson & Johnson exec raises an age-old question about women's ambition.
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(Bloomberg) -- In the runup to GameStop Corporation’s earnings report, one of its most-traded options was a contract that will make money if the stock rallies about 760% over the next six weeks. Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpTreasury Yields Climb as BOJ Jitters Rattle Globe: Markets WrapBiden Moves to Forgive Nearly $5 Billion in Student LoansDimon Says He Would Shut Down Cr
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Analysts continue to point to the long-term potential of the enterprise AI software developer.
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Donating money to charities you care about feels good. It can also lower your tax bill by reducing your taxable income in an amount equal to the amount you give. A number of rules and restrictions govern how much you can give and how you can do it, though. Understanding how this works so you […] The post I'm Not Sure How Giving to Charity Can Reduce My Taxes. Is It Really Worth It? appeared first on SmartReads by SmartAsset.
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We have a second home – a condo in the mountains – that was bought with cash for $295,000 approximately six years ago. It’s now worth at least $500,000. We are considering selling as our use is declining and maintenance costs and special assessments of the three-building complex are increasing. What are the options to […] The post Ask an Advisor: How Do We Reduce Our Tax Bill When We Sell Our Second Home? We Bought It 6 Years Ago for $295k and Now It’s Worth $500k appeared first on SmartReads by
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Weaker spending by enterprises grappling with high interest rates has hurt the broader software industry but AI has remained a bright spot. The AI application software firm said on Wednesday it was seeing sales cycles prolonging as customers created new governance functions to approve AI applications before use, effectively delaying clients' decision making process. The average rating of 14 analysts covering the stock is "hold", and their median price target is $28, according to LSEG.
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Here are stocks making moves on Thursday.
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A declining share of people who retired early during the pandemic say they'll come back to work. Don't look to this group to help fix labor shortages
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(Bloomberg) -- Moody’s Investors Service advised its staff in China to work from home ahead of its announcement this week cutting the outlook for sovereign bonds to negative in the world’s second largest economy, the Financial Times reported. Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpGlobal Bonds Power Ahead as Dovish Bets Take Hold: Markets WrapKevin McCarthy Leaving House Months After
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(Bloomberg) -- Shares fell across Asia following declines on Wall Street, pressured by weak oil prices and concerns about China’s fiscal health. Treasuries slid after rallying on fresh signs of US labor market softness.Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpGlobal Bonds Power Ahead as Dovish Bets Take Hold: Markets WrapKevin McCarthy Leaving House Months After Ouster as SpeakerHarvar
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Tens of billions of dollars have all gone to money heaven, spent by EV startups that don't have profits on their near-term horizons.
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Bitcoin (BTC)'s recent aggressive rebound has dealt a devastating blow to short sellers of crypto stocks, resulting in losses exceeding $2.6 billion in less than three months.
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The 30-year fixed mortgage rate has plunged by 69 basis points in a five-week period, its sharpest such drop since late 2008.
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US crude prices plunged below $70 a barrel on Wednesday, while brent dropped to $74 as the global demand outlook falters.
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Explore the pros and cons of using a personal loan to fund your education. Discover whether taking on debt is a wise choice for your academic journey.
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Today's best CD rates are 5.88% for 7 months from West Town Bank & Trust, 5.80% for 18 months from Seattle Bank, and 5.80% on a jumbo option from All In Credit Union.
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Buying an engagement ring is a major step in a relationship. If you don’t have money saved up, you may want to get a personal loan to buy an engagement ring.
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Home improvement loans can come in the form of a personal loan, but it's also possible to fund home-related projects with other kinds of loans.
( 25
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While a debt consolidation loan can be a personal loan, business debt consolidation loans are also available. Additionally, there are more kinds of personal loans than just debt consolidation loans.
( 25
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A personal loan contract and a personal loan agreement accomplish the same task: helping you understand the terms of a money-lending contract.
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If you want to learn how to pay off a personal loan faster with a calculator, there are a few ways to use it to find out what works best for you.
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While easier to get, payday loans are almost always more expensive than personal loans and have short repayment times. Opt for a personal loan, if possible.
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U.S. consumers are still spending freely, and they’re using their credit cards to do it.
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Not for profit refers to a type of organization or enterprise that does not earn profits for its owners.
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Personal loans with low monthly payments can help you consolidate high-interest debt or pay for large purchases.
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Travel expenses are costs incurred while traveling specifically for the purpose of conducting business-related activities.
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AbbVie plans to buy Cerevel Therapeutics for $45 per share in a $8.7 billion deal to diversify its portfolio and strengthen its neuroscience drug pipeline.
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Divorce loans can be used to cover a variety of expenses related to the end of a marriage, including legal bills, court fees, and more.
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If you want to earn a high yield on your cash savings or a CD, but feel most comfortable sticking to a big bank with a familiar name, here are your best options.
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It is possible—but difficult—to get a $100,000 personal loan. Even the best personal loan providers don’t typically offer loans of more than $50,000.
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If you owe money to the IRS, you have options to help with repayment. Either an IRS payment plan or taking out a personal loan could work, depending on your financial situation.
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With instant personal loans, you may be able to get your funds on the same day when you apply for the loan. However, a number of factors can delay the process.
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The S&P 500 added 0.8% on Thursday, Dec. 7, 2023, snapping a three-day losing streak amid excitement in the tech sector over new artificial intelligence (AI) products.
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You may not find a personal loan for $200,000, but you can still find a large personal loan. Learn how to improve your chances of getting approved for a large loan.
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Discover the viability of using a personal loan to finance your car purchase. Learn about the advantages and potential drawbacks.
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Is it possible to have more than one personal loan at once? Yes, it is. However, the number of personal loans you can have at once is limited by your lender.
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Personal loans are available for consumers who went through bankruptcy, but they tend to be expensive.
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A noncovered security is an SEC designation under which the cost basis of securities that are small and of limited scope may not be reported to the IRS.
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Take-Two Interactive stock was downgraded by Bank of America on concerns about when the new Grand Theft Auto VI video game will be released.
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Amazon is dropping PayPal-owned Venmo as a way for customers to pay for purchases, and shares of PayPal moved lower.
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Making small extra monthly payments to your principal loan amount can accelerate your loan term, lowering the amount you spend on interest. Here's how to pay off debt faster.
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Find out how you can obtain dental insurance as part of a health plan or as a stand-alone product through the Health Insurance Marketplace.
( 24
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Investors' use of tax-loss harvesting involves knowing both the positives and the negatives.
( 27
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Ledger wallets are hardware devices that enable offline cryptocurrency transactions.
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Uncertainty around SEC cryptocurrency regulations presents a challenge to financial advisors. Here are some tips to navigate the current environment.
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A non-governmental organization (NGO) is a non-profit entity that functions independently of government. Despite their independence from government, many NGOs receive government funding.
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More and more motorists in the middle part of the country and the southeast are seeing a welcome sight: per-gallon gas prices that start with “$2.”
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A flow-through entity is a legal business entity that passes income on to the owners and/or investors of the business. Learn more about how it works.
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An index fund is a pooled investment vehicle that passively seeks to replicate the returns of some market indexes.
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GameStop missed revenue estimates for the third quarter as sales declined in three of its four global markets, but it reported cutting expenses.
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Tax implications vary for government bonds, municipal bonds, and corporate bonds.
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JetBlue shares soared after the airline lowered its full-year loss guidance because of booming demand for tickets.
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Flexible spending accounts (FSAs) can be used for qualified medical expenses, which typically include preventive care and other non-cosmetic dental procedures.
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A rise in tech stocks on enthusiasm about artificial intelligence sent U.S. equities higher at midday on Thursday, Dec. 7, 2023.
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Mortgage rates have plummeted over the last few weeks—falling Tuesday to their cheapest levels since August, and since then moving only minimally higher.
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Form 1040-V: Payment Voucher is sent to the IRS along with a tax return when submitting payment with a check or money order.
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Four Chinese banks top the list as the largest in 2023.
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New technologies are reshaping the financial services landscape but where will the financial world go next?
( 23
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Chase Bank offers two savings accounts to its customers with below-average interest rates, but the bank has other financial services worth considering.
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AMD shares surged a day after the company launched its latest AI chip, with Microsoft, Meta, and OpenAI all set to use it.
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When two partners in a household both work and have no children, it is called "dual income, no kids" (DINK) Learn more about how the financial impact of DINKs.
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The massive Baby Boomer generation is now retiring in droves. Will they bankrupt the Social Security system?
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You can open a Roth 401(k) if your employer offers one as part of its retirement-plan choices. You can also have both a Roth and a traditional 401(k).
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The limit for contributions to traditional and Roth IRAs for 2024 is $7,000, plus an additional $1,000 if the taxpayer is age 50 or older.
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The Mumbai Interbank Forward Offer Rate (MIFOR) was a rate that Indian banks used to set prices on forward-rate agreements and derivatives.
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If your employer allows it, it’s possible to get money out of a 401(k) plan before age 59½. This option generally comes at a hefty cost, though.
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TEFRA is a federal law enacted in 1982 to increase revenue through a combination of spending cuts, tax increases, and tax reform measures.
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BOX, DAL, and MPC all made noteworthy chart moves Wednesday. Here's why.
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The withholding allowance is an exemption that reduces how much income tax an employer deducts from an employee’s paycheck based on personal exemptions. As of 2018, withholding allowances are no longer used on Form W-4.
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A corporation is a legal entity that is separate and distinct from its owners and has many of the same rights and responsibilities as an individual.
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Through these regulations, the Reserve Bank of India steers India's banking sector away from risk and toward its goals for India's economy and society.
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What is socialist economics in the context of Cuba, China, and North Korea?
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A debt avalanche is an accelerated system of paying down debt that is based on paying the loan with the highest interest rate first. Learn how to use the debt avalanche.
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A revoked IRA is a retirement savings account that is canceled by the account holder seven days or less after it was established.
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Here is a plan for how to ensure that early retirement isn't just a pipe dream.
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Property tax abatements can increase your home's value without increasing your property taxes.
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As economies have grown and increased, the rate at which countries produce waste has risen.
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You can invest in both a traditional IRA and Roth IRA if you're eligible and your total contribution doesn't exceed the annual IRS limits.
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Een wekenlange staking van een aantal Zweedse medewerkers van Tesla krijgt steeds meer bijval. Na steun vanuit Denemarken heeft nu ook een grote Noorse vakbond acties aangekondigd. Daarnaast gaat een groot Deens pensioenfonds zijn belang in Tesla verkopen.
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Zo'n driehonderd binnenvaartschepen, waaronder Nederlandse, komen maar mondjesmaat vooruit door een al dagen durende wilde staking van sluiswachters in Vlaanderen. De schippers zijn het wachten zat en komen nu zelf ook in opstand.
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KLM heeft donderdag 66 retourvluchten geschrapt vanwege de zware mist op Schiphol. Dat komt neer op zo'n 130 heen- en terugvluchten.
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KLM heeft voor donderdag 66 retourvluchten geschrapt om de zware mist op Schiphol. Dat komt neer op zo'n 130 heen- en terugvluchten.
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Het bouwen van zonneparken en windmolens op land wordt op steeds meer plekken lastig. Dat komt doordat er te weinig ruimte is, doordat het stroomnet vol is, of door strengere regels, meldt het Planbureau voor de Leefomgeving donderdag.
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De Amerikaanse Senaat heeft een wetsvoorstel voor een nieuw miljardenpakket voor Oekraïne en Israël geblokkeerd. Republikeinen eisen eerst strengere maatregelen bij de grens tussen de Verenigde Staten en Mexico.
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Internationale treinen naar Duitsland, Oostenrijk en Zwitserland rijden donderdagavond en vrijdag niet door een staking op het Duitse spoor. Ook regionale treinen van Heerlen naar Aken vallen dan uit.
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Een op de zes huiseigenaren heeft voor de aankoop van hun woning, naast de hypotheek bij de bank, ook geld geleend bij familie. De Nederlandsche Bank hekelt dat die leningen huizenprijzen opdrijven.
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Lonen in cao's stijgen dit jaar gemiddeld met 7,1 procent. Die flinke loonstijgingen zijn niet vol te houden, stellen werkgeversverenigingen. Ze willen dat bedrijven meer geld overhouden om te investeren.
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Een op de zes huiseigenaren heeft voor de aankoop van hun woning, naast de hypotheek bij de bank, ook geld geleend bij familie. De Nederlandsche Bank hekelt dat die leningen huizenprijzen opdrijven.
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Nederlanders hebben in oktober voorzichtig aan gedaan met de uitgaven. De consumptie daalde in vergelijking met een jaar eerder licht, blijkt uit nieuwe cijfers van statistiekbureau CBS. We kochten vooral minder eten en drinken.
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De waarde van huurwoningen daalt dit jaar en volgend jaar, verwachten vastgoedexperts van ABN AMRO. Volgens de bank hakken de overheidsplannen om huren strenger te begrenzen er flink in en zijn huurwoningen lastiger te financieren.
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Landen zijn nog ver van een overeenkomst over het aanpakken van klimaatverandering op de klimaattop in Dubai. Verder dan een "grabbelton aan wensen" zijn de onderhandelaars niet gekomen.
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SpaceX's current valuation of about $150 billion makes it one of the most valuable private companies in the world. Billionaire investor Ron Baron, who according to CNBC owns more than $1 billion worth of shares in the rocket company, last month said that SpaceX will be worth about $500 billion by 2030. SpaceX did not immediately respond to a Reuters request for comment.
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(Bloomberg) -- C3.ai Inc. reported quarterly revenue that fell short of analysts’ estimates and gave an outlook for an operating loss in the fiscal year that was worse than projected. The shares dropped about 9% in extended trading.Most Read from BloombergApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferGlobal Bonds Power Ahead as Dovish Bets Take Hold: Markets WrapKevin McCarthy Leaving House Months After Ouster as
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Today's best CD rates are 5.88% for 7 months from West Town Bank & Trust, 5.80% for 18 months from Seattle Bank, and 5.77% for 11 months from West Town Bank & Trust.
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Muddy Waters believes the ‘perfect macro storm’ of high interest rates and office vacancies is coming for Blackstone Mortgage Trust.
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Lithium Americas (NYSE:LAC) (TSE:LAC), a North American lithium company, could be sitting on the world’s largest lithium reserve. The company is better positioned to cash in on the transition to vehicle electrification following its October split from Lithium Argentina. As a “pure-play” miner with rights to the reserve and backing from General Electric (NYSE:GE), LAC offers an opportunity to gain exposure to lithium as it prepares for major construction. Despite its stock price being down 44% si
( 36
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(Bloomberg) -- Nikola Corp. shares plunged after the electric vehicle manufacturer announced plans to issue $100 million in new shares and $200 million in so-called green convertible senior notes due in 2026.Most Read from BloombergApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpGlobal Bonds Power Ahead as Dovish Bets Take Hold: Markets WrapBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningKevin McCarthy Leaving House Months After Ouster as SpeakerHarvard, Pe
( 34
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The beverage-focused, multiple drive-through concept aims to compete with Starbucks and other takeaway drinks chains.
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AbbVie will acquire neuroscience-drug maker Cerevel Therapeutics Holdings for $45 a share, giving the company an equity value of about $8.7 billion.
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Chewy shares are trading 8.1% lower at $17.78.
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The indicted senator expressed staunch support for the CFPB, which is under a legal threat of its own.
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Conservative and liberal justices seemed to take a middle-of-the-road position in oral arguments this week in a closely watched tax case.
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(Bloomberg) -- President Joe Biden moved to forgive $4.8 billion in student loans Wednesday, providing relief to more than 80,000 borrowers including public sector employees and Americans who have been repaying their federal debts for decades.Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningGlobal Bonds Power Ahead as Dovish Bets Take Hold: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune Kevin McCarthy Leaving
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(Bloomberg) -- Advanced Micro Devices Inc. Chief Executive Officer Lisa Su introduced a new line of so-called AI accelerator chips and predicted that the market for such products could explode to more than $400 billion in the next four years. Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune S&P 500 Erases ADP-Fuele
( 34
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The JPMorgan CEO's comments to the Senate are just his latest tirade against crypto. His position is a bit ironic given the bank's own embrace of technology.
( 34
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(Bloomberg) -- Carson Block said he’s short Blackstone Mortgage Trust, saying the publicly traded real estate investment trust is exposed to a perfect storm of economic conditions hitting commercial real estate and may face a liquidity crisis. Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune S&P 500 Erases ADP-Fuel
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The new iPad Air will have two sizes for the first time, while the Pro model of the device will be fitted with OLED screens, the report said. It added the MacBook Air will come with the speedier M3 processor that is designed in-house. Apple did not immediately respond to a Reuters request for comment.
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A container ship has crashed into a bridge in the Suez Canal, the vital trade route between Asia and Europe.
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Brokerages SoFi Securities, Public and M1 Finance misled millions of investors about their securities-lending programs, according to the Financial Industry Regulatory Authority.
In such programs, brokerages make money by loaning out investors’ shares to third parties including short sellers, who be
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Plug Power stock has already been beaten up, but Morgan Stanley sees further concerns for the clean energy company’s future.
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Anti-woke and anti-ESG claims are so integral to the wider Ramaswamy brand that they earned him the title 'CEO of Anti-Woke, Inc.' in the media.
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In one of his last public appearances, Charlie Munger discussed a range of investment topics, including his approach to value investing. Munger, Warren Buffett's long-time business partner who died on Nov. 28, shared his insights on the Acquired Podcast. Known for his frank and straightforward style, Munger drew from the teachings of Benjamin Graham, the pioneer of value investing. Don’t Miss: Join the ranks of investors like Bill Gates and Mark Cuban by tapping into early-stage startups. Get th
( 35
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Microsoft Corp. Co-Founder Bill Gates held the title of the world’s richest man for the majority of 20 years before being surpassed by Amazon.com Inc. Founder Jeff Bezos. Yet, he continues to rank among the global elite in terms of wealth. To illustrate the scale of his fortune, consider this: The average person earns about $2.7 million in their lifetime, according to career information site Zippia. Gates earns approximately three to four times that amount in one day, highlighting the extent of
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Learn the basic structure of a 401(k) and why it may not be enough to sustain you during retirement.
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Over the last three weeks, 30-year mortgage rates have fallen to their cheapest level since August. And 30-year refi rates saw a one-day plunge, reversing their recent spike.
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Is it wise to start converting my 401(k) into an IRA (and then Roth) by 10% per year in order to avoid having to claim too much income each year when converting and also avoid RMDs as much as I can? -Cathy It's definitely smart to be thinking about this, Cathy. Systematic Roth conversions like […] The post Ask an Advisor: Is it Wise to Convert 10% of My 401(k) into a Roth IRA Each Year to Avoid Taxes and RMDs? appeared first on SmartReads by SmartAsset.
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Robinhood Markets revealed crypto trading volumes were up 75% month over month in November. It could become a serious rival to Coinbase.
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J.M. Smucker Company (NYSE: SJM) reported better-than-expected earnings for its second quarter on Tuesday. The company posted a second-quarter FY24 sales decline of 12% year-on-year to $1.94 billion, missing the analyst consensus of $1.95 billion. Adjusted EPS of $2.59 beat the consensus estimate of $2.47, according to Benzinga Pro. J.M. Smucker revised FY24 adjusted EPS guidance to $9.25 - $9.65 (prior $9.45 - $9.85) versus the consensus of $9.48. With the recent buzz around Smucker following u
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(Bloomberg) -- Oil stretched declines into a fifth session — touching the lowest since early July — as a flood of US exports and doubts over whether OPEC+ will be able to deliver on its planned production cuts raised concerns about oversupply.Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune India Stock Value Tops $
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British American Tobacco (UK: BATS), (BTI): The cigarette manufacturer’s U.S.-listed shares fell 9% after BAT [said it expected to take a $31.5 billion impairment](https://www.wsj.com/busines
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British American Tobacco has taken a $31.5 billion impairment on its cigarette brands, but switching to healthier products isn’t straightforward.
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David King, lead manager of the $1.2 billion Columbia Flexible Capital Income Fund, favors AT&T and Verizon stocks, which have bounced off their October lows but remain inexpensive.
( 26
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Healthcare stocks like AbbVie and Johnson & Johnson are cash rich and offer solid dividend growth.
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Demand for cybersecurity is thriving as attacks proliferate. How Palo Alto Networks, Crowdstrike, and Zscaler could keep rising.
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Electric-vehicle maker Tesla needs a more compact, less-expensive car to capture more of the auto market. The new EV could be it.
( 24
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The U.S. Federal Reserve will hold interest rates until at least July, later than earlier thought, according to a slim majority of economists in a Reuters poll who said the first cut would be to adjust the real rate of interest, not the start of stimulus. All but five of 102 economists in the Dec. 1-6 Reuters poll said the Fed was done hiking in this cycle, even though Chair Jerome Powell said last week policymakers were "prepared to tighten policy further if it becomes appropriate to do so". Despite recent strong economic growth and inflation running above target, markets are pricing in around 150 basis points of cuts next year, starting in March, a swift change from the "higher for longer" narrative just a few weeks ago.
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For the quarter, Asana posted revenue of $166.5 million, up 18% from a year earlier,
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Here are the stocks making moves on Wednesday.
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Traders could be encouraged to sell the analytics-software stock in anticipation of further weakness if it falls through that mark.
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The car rental company says the dividend is payable on Dec. 21 to stockholders of record as of Dec. 15.
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Suppose you sell your primary home and make a $750,000 profit. Will you owe capital gains tax on that profit? The short answer is yes. Depending on a handful of factors, you may owe tens of thousands of dollars to over a hundred thousand dollars. Your exact tax liability could vary drastically, so knowing what […] The post I’m Selling My Home and Netting $750k to Downsize for Retirement. Do I Have to Pay Capital Gains Taxes? appeared first on SmartReads by SmartAsset.
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(Bloomberg) -- US mortgage rates fell to the lowest level in almost four months last week, spurring the biggest demand for refinancing since February.Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune India Stock Value Tops $4 Trillion, Narrowing Gap With Hong KongMoody’s Cuts China Credit Outlook to Negative on Risi
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Digital assets continue to benefit from a perfect storm of factors that has helped push prices skywards in recent weeks.
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Apple’s back above $3 trillion, Elon Musk’s AI start-up is raising $1 billion, bank CEOs emphasize economic risks of new capital proposals, and other news to start your day.
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Top bosses of JPMorgan, Morgan Stanley, Goldman Sachs and other major banks planned on Wednesday to warn lawmakers that capital hikes and other new regulations being contemplated by U.S. bank regulators will hurt credit markets and the broader economy. Worker pay and rights, mortgages, financial stability and the economy are also likely to feature when the CEOs of the country's eight largest banks appear before the Senate Banking Committee on Wednesday, said executives and analysts. The industry has been waging a fierce campaign to kill the "Basel Endgame" proposal, which overhauls how banks must calculate their loss-absorbing capital, and as regulators roll out fair lending and fee cap regulations, among other rules.
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(Bloomberg) -- British American Tobacco Plc shares plunged the most in almost four years after the maker of Lucky Strikes said it would write down the value of some of its US cigarette brands by about £25 billion ($31.5 billion).Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune India Stock Value Tops $4 Trillion, Na
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Heading into the New Year, the markets are facing a confusing mix of currents. The pace of inflation is dropping, but prices remain high. Interest rates remain high, but there’s hope that the Fed will start cutting back sooner rather than later. Unemployment is low and corporate profits are up, but sales numbers show that the profits are coming from higher prices rather than higher demand. Which way things will go is still up in the air. There is still a chance of recession – or of a strong rebo
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(Bloomberg) -- A sudden jump in the share prices of Chinese lithium producers is spurring optimism that a rout in the electric vehicle battery metal may be coming to an end. Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune India Stock Value Tops $4 Trillion, Narrowing Gap With Hong KongMoody’s Cuts China Credit Out
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TUI reported a net profit for fiscal 2023 and said it expected revenue for the year ahead to grow at least 10%, as winter 2023-24 bookings were up 11%.
( 27
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British American Tobacco said it expects a one-off impairment of around £25 billion this year due to market pressure on some of its combustibles brands in the U.S. as it tries to increase revenue from nontraditional tobacco products.
( 27
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Healthcare stocks like AbbVie and Johnson & Johnson are cash rich and offer solid dividend growth.
( 25
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David King, lead manager of the $1.2 billion Columbia Flexible Capital Income Fund, favors AT&T and Verizon stocks, which have bounced off their October lows but remain inexpensive.
( 25
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(Bloomberg) -- ByteDance Ltd., parent of social video phenom TikTok, is offering to buy back up to $5 billion from investors, according to people familiar with the matter.Most Read from BloombergTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune Moody’s Cuts China Credit Outlook to Negative on Rising DebtHow Suspects Laundered Billions in S
( 35
min )
Demand for cybersecurity is thriving as attacks proliferate. How Palo Alto Networks, Crowdstrike, and Zscaler could keep rising.
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min )
"You've got to attack the guy that's making the marginal decision to drill or not — and that guy is Mr. Permian Basin."
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(Bloomberg) -- Huawei Technologies Co. is among a field of “very formidable” competitors to Nvidia Corp. in the race to produce the best AI chips, according to the American company’s chief.Most Read from BloombergTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune Moody’s Cuts China Credit Outlook to Negative on Rising DebtHow Suspects Laund
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HOUSTON (Reuters) -Oil prices fell nearly 4% on Wednesday to their lowest settlements since June, as worries about global fuel demand mounted after U.S. data showed a larger-than-expected rise in gasoline inventories. Brent crude futures settled down $2.90, or 3.8%, at $74.30 a barrel. U.S. WTI crude futures fell by $2.94, or 4.1%, to $69.38 a barrel.
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Smithfield Foods said on Tuesday it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply. Pork producers have been losing money as pig prices and consumer demand for pork have struggled at a time of high costs for labor and other expenses. Smithfield, owned by Hong Kong's WH Group, said it will terminate employees who support its dealings with farms that raise hogs under production contracts.
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The best high-yield savings account rate in the country is now up to 5.50%, the first time we've seen an APY that high in this year's historic run-up of savings account rates.
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Today's best CD rates are 5.88% for 7 months from West Town Bank & Trust, 5.80% for 18 months from Seattle Bank, and 5.77% for 11 months from West Town Bank & Trust.
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A retail industry ETF is an exchange-traded fund that invests in retail companies.
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If you have a lot of cash parked in a savings account, high interest rates are your friend—and that may be one reason why the economy is doing so much better than many economists have predicted.
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Here are 5 prize-winning economic theories you’ll want to be familiar with, spanning from behavioral finance to asymmetric information and game theory.
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Warner Bros. Discovery and A24 inked a new deal to give the entertainment giant exclusive access to the independent film maker's titles, helping boost WBD shares.
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A yen ETF is an exchange-traded fund that tracks the Japanese yen in the foreign exchange markets.
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The S&P 500 lost 0.4% on Wednesday, Dec. 6, 2023, as the markets considered the impact of this week's slew of labor market reports on Fed decision making.
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Campbell Soup shares soared after the soup maker beat profit estimates and issued guidance ahead of expectations as it benefited from higher prices.
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Inflation is an enemy to investors - except to those who invest in IPS, which guarantee a real rate of return with no credit risk.
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A stock exchange-traded fund is a security that tracks a particular set of equities or index but trades like a stock on an exchange.
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Tax-deductible interest is a borrowing expense that taxpayers can claim on federal and state tax returns to reduce their taxable income and save money.
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Google unveiled Gemini, a new artificial intelligence (AI) model which could make the tech giant more competitive in the AI race.
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A passive ETF is a method to invest in an entire index or sector with the benefits of low costs and transparency absent in active investing.
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The terms American- and European-style options indicate the type of execution an option contract has. They're similar in some ways but their differences are important.
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Exchange-traded notes (ETNs) are a type of unsecured debt security that tracks an underlying index of securities and trades on a major exchange like a stock.
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Avalanche (AVAX) is a cryptocurrency and blockchain platform that rivals Ethereum. Avalanche stands out for its speed and scalability.
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The International Air Transport Association said member airlines are expected to post record revenue in 2024 due to passenger levels rising above pre-pandemic levels.
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Thinking outside of the box when it comes to meeting prospective wealthy clients can ultimately pay off.
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A drop in mortgage rates last week convinced some homeowners that it was a good time to refinance their home loans, possibly indicating that the dearth in refinancing has hit bottom.
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Most investors and traders tend to use cryptocurrency exchanges to make purchases and trades. But there are additional fees for using their services.
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Chinese EV maker Nio Inc. reportedly plans to spin off its battery manufacturing unit in a matter of weeks, accelerating the company's trajectory toward profitability.
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Whether the Roth 401(k) or the Roth IRA is a better choice depends on age, income, and if you would like to use your savings before retirement.
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Work management software company Asana Inc. warned that macroeconomic headwinds continue to affect business; its shares dropped Wednesday.
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U.S. equities were up at midday on Wednesday, Dec. 6, 2023 after better-than-expected reports on labor costs and productivity.
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Most economic externalities can be efficiently solved through a system of private property rights, in which costs and benefits can be negotiated.
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Learn the basic structure of a 401(k) and why it may not be enough to sustain you during retirement.
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Learn about the FFCRA, which provides paid sick leave, COVID-19 testing, nutritional assistance, extended unemployment benefits, and more.
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Nvidia CEO Jensen Huang said the chip maker is developing products that will comply with the Biden administration's restrictions on chip exports to China.
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Cryptohunters are individuals or businesses that claim to be able to recover your lost or stolen coins and wallet keys.
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Over the last three weeks, 30-year mortgage rates have fallen to their cheapest level since August. And 30-year refi rates saw a one-day plunge, reversing their recent spike.
( 19
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Learning how to buy Bitcoin with a credit card might seem like a great idea, but there’s a lot to take into consideration to ensure that you are doing it right.
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Advisors need to make a living too, but doing so by cutting corners at a client's expense isn't right. Here are the top complaints against advisors.
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An overview of the top three credentials for financial advisors and what they require.
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Electric car maker Nio, Starbucks, and Oil made notable chart moves on Tuesday. We look at the reasons why and identify important chart levels to watch.
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You can't control how clients react to the market, but you can help them understand the reality of the situation.
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Explore the differences between the market price and net asset value of an exchange-traded fund (ETF). Learn more about the factors that affect each.
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Nvidia’s CEO said the chip maker will develop products to sell to China that comply with U.S. export restrictions and Chinese EV maker Nio will reportedly spin off its battery production unit into a separate unit. Here’s what investors need to know today.
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If you don't want to pay a financial pro to help you plan for retirement, consider mapping out a plan with these simple, do-it-yourself strategies.
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Discover which country spends the most on research and development, in both dollar terms and as a percentage of gross domestic product.
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Refundable AMT credits were available to those who exercised incentive stock options. They helped taxpayers save on taxes, AMT bills, and more, but expired in 2012.
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A credit card balance transfer can be a way to pay off your credit card debt more quickly while also saving on interest. But there are some risks.
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Bestuurders van een elektrische bestelbus tussen de 3.500 en 4.250 kilo hebben vanaf 1 juli 2024 een vrachtwagenbewijs nodig. Een 'gewoon' B-rijbewijs is dan onvoldoende.
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Kinderen tot twaalf jaar kunnen vanaf 23 december in een groot deel van Noord-Holland gratis met de bus reizen, als zij met een volwassene zijn. Op steeds meer plekken in Nederland is dat nu mogelijk.
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Twee op de drie energieleveranciers maakt het voor eigenaren van zonnepanelen onaantrekkelijk of onmogelijk om vaste energiecontracten af te sluiten voor een lange looptijd. Consumenten die zonnestroom opwekken hebben daardoor weinig keuze als ze zekerheid voor twee of drie jaar willen.
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Het doek is gevallen voor sportkledingwinkels Perry Sport, Aktiesport en Sprinter. Moederbedrijf van deze winkels Sports Unlimited Retail is vandaag failliet verklaard. De drie winkelketens hebben in Nederland ruim vijftig winkels en meer dan duizend werknemers.
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Het doek is gevallen voor sportkledingwinkels Perry Sport, Aktiesport en Sprinter. Moederbedrijf van deze winkels Sports Unlimited Retail is vandaag failliet verklaard, bevestigt een woordvoerder van de rechtbank van Amsterdam na berichtgeving van RTL Nieuws.
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Als je in het nieuwe jaar zeker wil zijn van de hoogte van je energierekening, kan je het beste voor een vast contract kiezen. Dat adviseert de Autoriteit Consument & Markt (ACM).
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Ook volgend jaar kunnen mensen met een kleine portemonnee compensatie aanvragen voor de hoge energierekening. Het Tijdelijk Noodfonds Energie gaat in naar verwachting in januari 2024 voor de tweede keer open.
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Minimaal 10.000 Nederlanders hebben een te hoge hypotheek of andere lening gekregen. Dit komt doordat kredietverstrekkers fouten hebben gemaakt bij het bepalen hoeveel geld de klanten maximaal mochten lenen. Dat meldt Autoriteit Financiële Markten (AFM).
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Een recordaantal mensen in ons land werkt in deeltijd: 4,7 miljoen. De verwachting is dat de groei de komende jaren doorzet. En dat betekent dat we dan mogelijk evenveel deeltijders als voltijders hebben.
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Reisconcern TUI heeft voor het eerst in vier jaar weer winst gemaakt. Het Duitse bedrijf profiteert van het grote aantal mensen dat sinds het einde van de coronapandemie weer op vakantie wil.
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In deze aflevering krijgen NU.nl-klimaatverslaggever Jeroen Kraan en nieuwslezer Anne-Marie Rozing een rondleiding door de Tata Steel-fabriek en bespreken ze de groene waterstofplannen van de fabriek. Plannen waar de architect zelf inmiddels pessimistisch over is.
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Tien grote energie- en industriebedrijven in Nederland krijgen samen jaarlijks gemiddeld 8,8 miljard euro aan fossiele subsidies, zo blijkt uit onderzoek. "Een enorm bedrag dat de Nederlandse overheid jaarlijks overmaakt aan een selecte groep grote vervuilers en hun aandeelhouders", zegt Milieudefensie-directeur Donald Pols.
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Israëlische autoriteiten hebben onderzoek gedaan naar verdachte aandelentransacties. Enkele beleggers zouden hebben geprofiteerd van dalende beurskoersen door de aanslag van Hamas op 7 oktober, waarbij zeker twaalfhonderd Israëliërs omkwamen.
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Nederlanders hebben bijna dubbel zoveel geld op een buitenlandse rekening staan als twee jaar geleden. Toen ging het om 5,6 miljard euro, eind september was dat gegroeid naar 10,5 miljard. Toch is dat minder dan 2 procent van het totale Nederlandse banktegoed.
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Er is geen sprake van dat Tata Steel pas milieumaatregelen neemt als de overheid ingrijpt. "We kunnen proactiever zijn. Dat herken ik wel", zegt directeur Hans van den Berg. Maar van de harde kritiek van de toezichthouder neemt hij afstand.
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A few months ago, the sentiment toward shares of the semiconductor powerhouse Nvidia (NASDAQ:NVDA) was that it had peaked, prompting investors to consider booking profits. However, I retained my bullish stance on September 15. About two months later, NVDA stock reached an all-time high of $505.48. More recently, though, it dipped despite an impressive Q3 print, hovering around $466 due to concerns about export restrictions to China. Nevertheless, I’m sticking with my bullish stance. I believe NV
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For the quarter, Asana posted revenue of $166.5 million, up 18% from a year earlier,
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In addition to raising its dividend, Mastercard approved a new stock repurchase program.
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The “Shark Tank” star with a $100 million net worth says paying 20% down is key—and explains why.
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This has been a good year for stocks, no doubt about that. The S&P 500 has gained 19% year-to-date, after a gangbusters November, and the outlook for December, while more moderate, remains positive. The markets have made these gains despite a strong set of headwinds, including the Federal Reserve’s turn to a policy of aggressive monetary tightening and interest rate hikes; the ongoing war in Ukraine; and now the flare-up of war in the Middle East. This stock rally is showing real strength, and t
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Procter & Gamble said it will write down up to $2.5 billion in charges for a restructuring, along with impairment of its Gillette business.
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Shares of Charter Communications dropped after the company's CFO said its internet subscribers could decline in the current quarter.
The stock was recently down about 9%. The warning also weighed on shares of Comcast, Altice, Liberty and Cable One. Charter's shares were the worst performers on the
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(Bloomberg) -- Michael Dell is taking steps to donate Dell Technologies Inc. shares worth as much as $1.74 billion.Most Read from BloombergBonds Up as Slackening Jobs Fuel Fed-Pivot Views: Markets WrapHow Suspects Laundered Billions in Singapore for YearsMoody’s Cuts China Credit Outlook to Negative on Rising DebtHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsPutin Plans Visit to Gulf in Wake of OPEC+ Deal on Output CutsDell converted 25 million shares owned by him and a trust i
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Google search data shows that interest in Tesla is up following the launch of its uniquely designed Cybertruck.
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Saving for retirement is an essential goal for many Americans, but achieving the ideal savings target remains elusive for many. In 2023, the average American retiree had about $170,726 in retirement savings, a decrease from $191,659 at the beginning of 2022. This 10% reduction is significantly lower than the recommended $555,000. Only 12% of retirees have achieved or exceeded this recommended savings amount. Don’t Miss: The average American couple has saved this much money for retirement — How d
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Employees don’t necessarily want to work from home; they really just want to have options.
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Buffett-backed Occidental is reportedly among the top bidders for CrownRock, raising the prospect it may turn to Berkshire Hathaway for funding again.
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BMO Capital Markets analyst Rufus Hone took over coverage of Block at Outperform and PayPal at Market Perform.
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U.S. Rep. Ro Khanna (D-California) posted on X earlier this month to gain support for his Stop Wall Street Landlords Act bill. "The last thing Americans need is a Bezos-backed investment company further consolidating single-family homes and putting homeownership out of reach for more and more people," he posted on X. "Housing should be a right, not a speculative commodity. Congress must pass my Stop Wall Street Landlords Act." The post was in response to an article published two days earlier abo
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I’m 58 and I have $700,000 in 401(k)s and IRAs. I have no credit card debt, no auto loan payments and no student loans. I sold my home in California and paid cash for a house in Texas, so I have no mortgage. I’m retired military and bring in about $2,200 per month after taxes. […] The post Ask an Advisor: How Do I Cover $3,000 in Monthly Living Expenses? I’m 58 With $700k in Retirement Savings, But I Won’t Collect Social Security for 7 Years appeared first on SmartReads by SmartAsset.
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I have a million dollars and I want to put it to work for me. Where can I put it to make the most amount of passive income from it? Also, how can I minimize taxes on that to be able to keep more of that money? – Andrea While today's high-interest rate environment has […] The post Ask an Advisor: I Have $1 Million and Want It to Work for Me. How Do I Maximize Passive Income and Minimize Taxes? appeared first on SmartReads by SmartAsset.
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AT&T's new $14 billion supply deal with Ericsson could save money but won't give the cellphone carrier a "secret sauce" for thinning out expenses, its CEO said Tuesday.
Speaking to a UBS investor confer
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Many people have turned to annuities as a reliable means of securing a stable income during retirement. Financial advisers often highlight annuities as a prudent choice for those looking to manage retirement finances effectively. With a $150,000 annuity, the monthly income potential varies based on several key factors, such as the type of annuity chosen, the age of the annuitant and the length of the payout period. Annuities, which are financial products offered by insurance companies, serve as
( 36
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After a rash of layoffs at the beginning of the year, some companies are cutting jobs as 2023 winds down and a strong labor market shows signs of cooling.
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With another notable fall, rates on 30-year mortgages are now down to their lowest level in almost four months. Most loan averages declined, though refi rates were mixed.
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If things don't stabilize at his social-media firm X, Elon Musk might have to break a promise he made about his Tesla stock sales.
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Alaska stock tumbled more than 14% Monday as shareholders digested the carrier’s proposed tie-up with Hawaiian Airlines’ parent company.
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American depositary receipts of Ericsson rose while Nokia fell after Ericsson won a $14 billion contract with AT&T to upgrade its wireless network.
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Procter & Gamble flagged up to $2.5 billion in restructuring charges for its international operations and an impairment hit for assets it had picked up with the 2005 acquisition of Gillette.
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Drugstore chain CVS guided fiscal 2024 revenue higher than expected, and raised the quarterly dividend by 10%.
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The consumer goods giant said it would take a $1.3 billion non-cash impairment charge before tax in the current quarter ending Dec. 31 on its Gillette business, which it acquired in 2005. The charges will be between $1 billion and $1.5 billion after tax, P&G said. P&G blamed a stronger U.S. dollar for the charges.
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Shares in Chinese stocks tumbled on Tuesday after the ratings firm slashed its outlook on Chinese government credit.
( 21
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GitLab stock surged Tuesday on its first ever adjusted operating profit. However, a rival software-development company could offer a better way to play growing demand in the sector according to analysts at D.A. Davidson.
( 22
min )
Investors were quick to pull the trigger and sell Take-Two Interactive Software stock, after the owner of Rockstar Games and publisher of Grand Theft Auto put out a trailer of the videogame franchise’s next installment and announced a launch window.
( 21
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Drugstore chain CVS guided fiscal 2024 revenue higher than expected, and raised the quarterly dividend by 10%.
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min )
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Should you make 401(k) or Roth IRA contributions? In a perfect world, the answer would be both. If you have the means, maximizing your traditional 401(k) and Roth contributions is a great way to build a diversified set of retirement savings. But, of course, your paycheck gets a vote. So, if you have to choose, […] The post My Husband and I Are in Our 50s, Have $1 Million in Our 401(k)s and Want to Retire at 65. Should We Switch to Roth Contributions? appeared first on SmartReads by SmartAsset.
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The next installment of one of the biggest franchises in videogames is set for release in 2025.
( 21
min )
A retail trading boom has spawned ETFs paying fat dividends, but caveat emptor.
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Shares of the healthcare conglomerate were up nearly 3% in premarket trading. The healthcare conglomerate also said it was bringing its portfolio of health services such as doctors clinics and pharmacies under an umbrella brand called CVS Healthspire.CVS forecast revenue of at least $366 billion, ahead of analysts' average estimate of $345.81 billion, according to LSEG data. The company's 2024 adjusted profit forecast of at least $8.51 per share was largely in line with Wall Street estimates.
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"The primary risk that could knock us off course is a Federal Reserve that remains fixated on inflation fears."
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Here are the stocks moving the most on Tuesday.
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(Bloomberg) -- The US Federal Reserve is losing control of its messaging on interest rates, but financial markets are wrong to expect imminent cuts, Allianz Chief Economic Adviser Mohamed El-Erian said.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsStocks Drift as Doubt Undermines Soft-Landing Bets: Markets WrapBitcoin Surges Past $42,000 Even as Stocks and Bonds Take a HitMoody’s Cuts China Credit Out
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New Year lists and resolutions are just part of the celebrations – and that holds true for stock investors, too. Every year, like clockwork, Wall Street’s research firms and analysts will take some time to publish their ‘top picks’ and ‘best ideas’ for the coming year. This year, Cowen is obliging us, with its list of the ‘Best Ideas for 2024,’ and we can dig into their recommendations for some valuable New Year market advice. It’s an interesting list, with stocks from varied sectors, from healt
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Despite tobacco use being in a steady decline in recent decades, companies like Altria Group (MO) have used combustibles as their cash cow to fuel investments into growth segments — while growing their dividends and repurchasing their discounted shares, explains Rida Morwa, editor of High Dividend Opportunities.
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(Bloomberg) -- Stocks in mainland China and Hong Kong declined for a third straight day as investors remained concerned about the the health of world’s second-largest economy heading into next year. Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsWall Street’s Furious Bull Run Gets Reality Check: Markets WrapHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsBitcoin Surges Past $42,000 Even as Stocks and Bonds Take a HitIsrael’s Wider War Has US Caution
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Cities and provinces across the country have accumulated a massive amount of hidden debt following years of unchecked borrowing and spending.
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(Bloomberg) -- Asian stocks declined Tuesday as traders pared back their aggressive bets on a Federal Reserve pivot and an extended selloff in China hurt sentiment. The dollar held gains. Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsWall Street’s Furious Bull Run Gets Reality Check: Markets WrapBitcoin Surges Past $42,000 Even as Stocks and Bonds Take a HitHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsIsrael’s Wider War Has US Cautioning of ‘Str
( 37
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(Bloomberg) -- Nvidia Corp. plans to help build an AI tech-related ecosystem in Japan to meet demand in a country eager to gain an edge in artificial intelligence.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsWall Street’s Furious Bull Run Gets Reality Check: Markets WrapHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsBitcoin Surges Past $42,000 Even as Stocks and Bonds Take a HitIsrael’s Wider War Has US Cautioning of ‘Strategic Defeat’The Santa C
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PDD, the owner of fast-growing Temu, is muscling into the U.S. in a way Alibaba never did.
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The nation’s largest drugstore chain is set to shift to a simpler model that could upend how American pharmacies are paid.
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The lessons have been hard, but should remind investors in the sector of some of the basic facts of investing.
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Oil demand is uncertain at a time when supply is rising both from countries within OPEC+ and from producers outside of the cartel, such as the US.
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(Bloomberg) -- Doubts over BYD Co.’s sales targets and smart-car capabilities drove a $12 billion selloff in the Chinese electric-vehicle maker last month, even as it draws closer to Tesla Inc. as the industry’s top seller.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsWall Street’s Furious Bull Run Gets Reality Check: Markets WrapBitcoin Surges Past $42,000 Even as Stocks and Bonds Take a HitHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsIsrael’s
( 36
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The best interest rates for boat loans typically start around 7.49% but vary based on the borrower's credit score, the loan amount, the loan term, and the age of the boat.
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Find out how the designation you choose will depend on which areas of financial planning you want as your focus.
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Today's best CD rates are 5.88% for 7 months from West Town Bank & Trust, 5.80% for 18 months from Seattle Bank, and 5.77% for 11 months from West Town Bank & Trust.
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Established in 2013, Dogecoin is a peer-to-peer, open-source cryptocurrency that is categorized as an altcoin. It has no apparent use cases besides existing.
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ETFs have become so popular because of the many advantages they offer. Still, investors must keep in mind that they aren't without risks.
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The S&P 500 slid 0.1% on Tuesday, Dec. 5, 2023, even as newly released data showed a decline in job openings, suggesting that the U.S. labor market is coming into balance.
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If you have a longer savings horizon and don't need cash right away, consider these ETFs.
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A deduction allows a taxpayer to reduce their total taxable income. You can either itemize deductions or take a large single deduction, known as the standard deduction.
( 25
min )
Meta and IBM launched the AI Alliance to "advance open, safe, responsible AI," in a move that could help counter the influence of leaders with closed models.
( 17
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Procter & Gamble said it will write down up to $2.5 billion in charges for a restructuring, along with impairment of its Gillette business.
( 17
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Use this tool to calculate the total cost and payments of your boat loan
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min )
AMD is to launch a chip designed for artificial intelligence (AI) systems on Wednesday that could help it compete with Nvidia.
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If you have several investments, there's a good chance you'll need to fill out a IRS Form Schedule B.
( 24
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Above-the-line deductions can be taken even if you decide to take the standard deduction (rather than itemize). See how you can use them to lower your tax bill.
( 27
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CVS Health Corp. posted 2024 sales guidance Tuesday that beat estimates and raised its dividend as it reported demand for its health-care services increased.
( 17
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J.M. Smucker beat profit forecasts for its fiscal second quarter as the food maker raised prices and reduced expenses.
( 17
min )
A debt collector tries to recover past-due debts for creditors in return for a fee.
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U.S. equities were mixed and little changed at midday on Tuesday, Dec. 5, 2023, after government data showed the number of job openings fell more than expected in October.
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Many factors determine the demand elasticity for a good or service including income and the availability of substitutes.
( 24
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Decentralized finance (DeFi) refers to blockchain-connected platforms and applications that, in theory, can replace the existing centralized financial services networks.
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GitLab shares jumped after the maker of software for developers reported a surprise profit and revenue as it gained more customers.
( 17
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With another notable fall, rates on 30-year mortgages are now down to their lowest level in almost four months. Most loan averages declined, though refi rates were mixed.
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Credit counseling provides guidance and support for consumer credit, money management, debt management, and budgeting.
( 27
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An IRAs and a certificate of deposit are two types of investments, one geared toward retirement and the other suitable for short-term savings.
( 27
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Job-seekers found fewer opportunities in October, as the number of openings continued to fall toward pre-pandemic levels.
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The Caribbean offers some of the most popular tax havens in the world, providing benefits such as very low tax liability and financial privacy.
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American depositary receipts of Ericsson rose while Nokia fell after Ericsson won a $14 billion contract with AT&T to upgrade its wireless network.
( 18
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The American Dream now costs $3,455,305—that's the estimated lifetime cost of marriage, two children, homes, healthcare, cars, and education. Rising costs have made the typical "American Dream" out of reach for many, according to an analysis by Investopedia.
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Making sure you have a large enough nest egg to retire on is a challenge. Here’s how to accomplish the task, one step at a time.
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Meme stock AMC, along with Gold and Bitcoin, made significant moves Monday. Here's why.
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Tax obligations differ for foreign citizens who work in the U.S. or have income from a U.S. source.
( 25
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Take-Two Interactive Software shares fell after releasing its trailer for the latest edition of the "Grand Theft Auto" video game early and Ericsson ADRs gained as AT&T announced it would select the company to build out its new wireless network. Here’s what investors need to know today.
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Learn about the differences between secured and unsecured debt and how lenders buffer risks associated with each type of loan through collateral or higher rates.
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The euro is a common currency of the European Union. Yet, many EU countries don’t use the euro.
( 25
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Learn about the top five countries—China, the United States, India, Russia, and Japan—that are the largest contributors to carbon dioxide emissions.
( 25
min )
There are thousands of ETFs available to investors today. How do theme ETFs help narrow the list of options?
( 28
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Diamonds is an informal term for an index-based exchange-traded fund (ETF) known as the SPDR Dow Jones Industrial Average ETF.
( 23
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The most common examples of positive correlation in macroeconomics and microeconomics include demand and price and consumer spending and GDP.
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New and advanced versions of ETFs have been developed over the years, one being the synthetic ETF, which is different than a typical ETF due to its underlying holdings.
( 24
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Understand 3x exchange traded funds (ETFs) and their key risks. Learn how compounding can affect returns.
( 24
min )
Deciding how much to put into a 401(k) account can be tricky. There are guidelines to ensure that you are investing what you need, so you can retire in comfort.
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Zo'n 240.000 gepensioneerden uit de metaal- en technieksector krijgen er 3,2 procent pensioen bij. Ook voor de ongeveer 1 miljoen werkenden gaat het pensioen omhoog. Dat maakt het fonds PMT dinsdag bekend.
( 9
min )
Nederland en België hebben zes mensen opgepakt die handelssancties tegen Rusland zouden hebben geschonden. Een Belgische zakenman verkocht Rusland elektronica en andere technologie die het voor de oorlog tegen Oekraïne zou kunnen gebruiken, melden Belgische media.
( 9
min )
Onverkochte kleding en schoenen mogen in de Europese Unie binnenkort niet meer zomaar worden vernietigd. Ook veel andere producten moeten minder vaak op de vuilnisbelt of in de verbrandingsoven belanden. Dat hebben de EU-landen en het Europees Parlement afgesproken.
( 9
min )
De afgelopen weken hebben verschillende stichtingen, hulporganisaties en goede doelen zich ingezet om sinterklaascadeaus in te zamelen voor kinderen uit arme gezinnen. Daardoor kunnen duizenden gezinnen dinsdag alsnog Pakjesavond vieren, maar toch vallen nog (te) veel kinderen buiten de boot.
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min )
Grote olie- en gaslanden willen niet stoppen met het winnen en produceren van fossiele brandstoffen. Ook niet als zij beloofd hebben geen CO2 meer uit te stoten, zien onderzoekers. Dat staat in schril contrast met het doel van de klimaattop in Dubai.
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min )
Gamestudio Rockstar heeft maandagavond de eerste trailer van GTA VI gepubliceerd. In de video deelt de spelontwikkelaar verschillende details van het nieuwe spel. Dit is wat we weten over het nieuwste deel van Grand Theft Auto.
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In het weekend voor Pakjesavond gingen (hulp)sinterklazen en pieten weer de winkelstraten en webwinkels af. Vooral zaterdag werd veel gekocht. Ruim twintig miljoen pinbetalingen zorgden voor 579 miljoen euro aan aankopen, blijkt uit cijfers van Betaalvereniging Nederland.
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min )
Het technische probleem met iDEAL, waardoor klanten van Rabobank dinsdag problemen ervoeren, zijn opgelost. Dat meldt de bank dinsdagmiddag.
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min )
Automobilisten rijden steeds opgewekter weg bij het tankstation, want de prijs van 1 liter benzine is in de afgelopen maanden flink gedaald. Sinds de accijnsverhoging van begin juli is de prijs niet zo laag geweest als nu.
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min )
Door een technisch probleem met iDEAL kunnen klanten van Rabobank problemen ervaren met betalingen. Daarvoor waarschuwt de bank dinsdagochtend.
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min )
Een staking bij autofabrikant Tesla die eind oktober in Zweden is begonnen, krijgt nu bijval van Deense medewerkers. De Zweden en Denen willen het Amerikaanse bedrijf op deze manier bewegen tot een collectieve loonafspraak.
( 9
min )
Treinreizigers ondervinden opnieuw hinder vanwege dassen rond het spoor. Dit keer is er een dassenburcht ontdekt tussen Boxtel en Liempde. De burcht zorgt vooral voor problemen met treinen tussen Tilburg en Eindhoven.
( 9
min )
De meeste vluchten tussen Amsterdam en München zijn dinsdag geannuleerd, meldt een woordvoerder van Schiphol. Het winterweer in München zorgt ervoor dat het vliegverkeer op de Duitse luchthaven al dagen stilligt.
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min )
Negen Nederlandse gemeenten ontvangen geld van het Rijk om hun winkelgebied aan te pakken. Zo wil het kabinet consumenten weer naar fysieke winkels krijgen.
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De prijs van goud steeg maandag naar een recordhoogte. Het verleidt veel Nederlanders om het edelmetaal te kopen of verkopen, merken verschillende goudkantoren in ons land. Vooral beleggers zijn geïnteresseerd, vooral omdat goud een veilige geldhaven is in onzekere tijden.
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Here's what you need to know with the crypto markets looking ahead to the next year, standing at the cusp of important events such as the fate of the approval of a spot Bitcoin exchange-traded fund, Bitcoin halving, and developments in crypto regulation.
( 21
min )
The Department of Education released new details Monday on how may be covered by proposed federal rules around student loan forgiveness that could be finalized next year.
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min )
Today's best CD rates are 5.88% for 7 months from West Town Bank & Trust, 5.80% for 18 months from Seattle Bank, and 5.77% for 11 months from West Town Bank & Trust.
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Tax-deferred status refers to earnings from investments such as IRAs that accumulate tax-free until the investor takes constructive receipt of the gains.
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the rule changes, both enacted and proposed, are set to impact your finances in the coming year.
( 21
min )
The S&P 500 slid 0.5% on Monday, Dec. 4, 2023, starting the first full week of December in the red amid questions about whether the November rally can continue.
( 18
min )
The top financial terms of the year reflect bank failures, a spike in treasury yields and borrowing costs, questions about the future of the U.S. dollar as the world’s dominant currency, and the rise of artificial intelligence threatening to disrupt every industry it touches.
( 20
min )
Uber shares rallied on news that the company will join the S&P 500 Index, whose stocks receive support from the proliferation of funds and ETFs tracking it.
( 19
min )
Analysts at Mizuho Securities upgraded General Motors stock and raised their price target for it as the firm pointed out several catalysts for growth.
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min )
Shares of Carvana jumped following an upgrade and a big price target hike from J.P. Morgan analysts.
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min )
A market economy is determined by supply and demand, but a command economy operates through government control of resources and determines how they are used.
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A transaction where an investor sells a losing security and purchases a similar one 30 days before or after the sale to try and reduce their overall tax liability.
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Artificial intelligence or AI refers to the simulation of human intelligence in machines that are programmed to think and act like humans.
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A money market fund is a type of mutual fund that invests in high-quality, short-term debt instruments and cash equivalents.
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Find out why the Cayman Islands is considered a tax haven and why this location is so popular among those looking to reduce their tax liability.
( 23
min )
Bitcoin's price rose above $41,000 on Monday, reaching levels not seen since before the collapse of the crypto stablecoin TerraUSD in May 2022
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min )
SoFi savings account interest rates are above average and the financial services company charges no bank fees—two reasons this savings option is worth considering.
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State Farm is more than just an insurance company. It offers banking services and competitive interest rates for its savings account.
( 21
min )
You can earn a higher-than-average APY with a TD Bank savings account. But TD Bank only offers the highest interest rates on accounts with high balances.
( 22
min )
Check U.S. Bank’s current savings account interest rates, and see how they compare to the top accounts in the market today.
( 21
min )
Paying taxes is an unavoidable obligation each year, but individuals and business owners can take advantage of various strategies for tax savings.
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Relying on Social Security is not a good idea. Instead, rely on the compounding effects of a tax-deferred retirement savings account.
( 27
min )
Roche is moving into the lucrative weight-loss drug market by buying privately held Carmot Therapeutics for $2.7 billion.
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min )
USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.
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min )
Wells Fargo offers two types of savings accounts, but the rates are low unless you carry a large balance.
( 23
min )
Although the space-flight company has said it has sufficient cash on hand until 2026, some analysts anticipate the need for a cash infusion by mid-2025. Virgin's stock was down about 15% midday Monday after founder Richard Branson said it wasn't getting his money.
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See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.
( 26
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With the debate on wages continuing in Congress and in the public arena, here are some of the major pros and cons of raising the minimum wage.
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Learn the proper procedure for deducting investment losses and get some tips on how to strategically structure them to lower your income tax bill for the year.
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min )
Marcus by Goldman Sachs only offers a few account types, but what it does offer, it does well. Learn how you can benefit from its online high-yield savings account.
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min )
E*TRADE savings account interest rates can't compete with the best, but high-net-worth individuals can benefit from its higher FDIC insurance coverage.
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Your tax filing status—single, married, or head of household—can affect how much money your employer withholds from your paychecks to cover your estimated taxes.
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Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.
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Citi offers CDs, checking accounts, bank IRAs, and savings accounts. Learn more about its savings account rates, features, and account requirements.
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Chime’s high-yield savings account doesn’t charge a fee or require a minimum deposit. Learn more about Chime savings account interest rates and other features.
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min )
Charles Schwab savings account interest rates are higher than the national average, and it doesn’t have monthly fees or minimum deposit requirements.
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Capital One savings account interest rates are higher than average, and the bank doesn’t charge monthly maintenance fees or have a minimum deposit requirement.
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min )
Bask Bank offers an attractive pair of savings accounts: One is a typical high-yield savings account, but the other earns American Airlines AAdvantage miles.
( 23
min )
The savings account at Apple Bank offers competitive rates, but are they competitive enough? We reviewed Apple Bank so you can decide if the bank is right for you.
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min )
A savings account is an essential part of your financial toolbox. Learn about Ally Bank savings accounts and their rates and decide if they are a fit for you.
( 22
min )
A golden cross is a bullish chart pattern used by traders and investors where a short-term moving average crosses a long-term moving average from below.
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The federal funds rate is the target interest rate set by the Fed at which commercial banks borrow and lend their extra reserves to one another overnight.
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A Treasury bill (T-Bill) is a short-term debt obligation issued by the U.S. Treasury and backed by the U.S. government with a maturity of less than one year.
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min )
BRICS is an acronym for the combined economies of Brazil, Russia, India, China, and South Africa, which some claimed early in this century were poised to dominate the world economy by 2050.
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An inverted yield curve is an unusual state in which longer-term bonds have a lower yield than short-term debt instruments.
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U.S. equities lost ground at midday on Monday, Dec. 4, 2023 as tech stocks fell to start the week after Friday's gains.
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Spotify shares surged as it moved to lay off 17% of its workforce in a third round of job cuts as it attempts to contain costs.
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Capital expenditures are a company’s major, long-term expenses while operating expenses are a company’s day-to-day expenses.
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Higher education offers upward mobility to students of all races and ethnicities, but student loan debt can widen the racial wealth gap.
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Rates on 30-year loans dipped again, dropping almost to their cheapest level in three months. Though rates for most loan types fell, 30-year refi rates instead shot higher.
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min )
Alaska Airlines shares dropped and Hawaiian Airlines shares soared after a $1.9 billion merger announcement, which may face opposition from U.S. regulators.
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min )
Read about when to book your flights and see how statistics can predict optimal pricing.
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min )
Paying student loan interest during school will help you start your adult life with less debt. But it's not always the best decision.
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These two stocks and one ETF made notable moves on Friday. Here's Why.
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min )
Learn how to graph linear regression in Excel. Use these steps to analyze the linear relationship between an independent and a dependent variable.
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The main difference between a subsidiary company and an affiliate has to do with the existing level of ownership by its parent company.
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The debt-service coverage ratio (DSCR) measures the cash flow available to pay current debt obligations.
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min )
Gaming industry ETFs invest in companies that generate revenue from the casino sector, video game industry or other forms of entertainment.
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min )
The four types of economic utility are form, time, place, and possession and refer to the usefulness or value that consumers get from a product.
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Downturns are part of the economic cycle and can yield some benefits alongside their significant and widespread costs.
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If an individual is considered an employee, then the employer is responsible for taxes. If they are considered an independent contractor, they must report themself.
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Death taxes, also called estate taxes, are taxes imposed by the federal and some state governments on someone's estate upon death.
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China is a major player in the mining industry, supplying a huge portion of metal and coal to the global economy.
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min )
A levy is the legal seizure of property to satisfy an outstanding debt, often a tax debt.
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min )
Boilerplate language is standardized text that is approved for use in many documents, particularly contracts. Learn the pros and cons of boilerplate language.
( 24
min )
Looking for a formula to determine whether a company is creating wealth? Time to learn all about economic value added. Find the formula to calculate EVA.
( 24
min )
These funds are a relatively new product to most investors, but they could be what you need for increased returns.
( 26
min )
Find out which countries have the most restrictive import tariffs on international products, based on data collected by the World Bank and WTO.
( 24
min )
A China ETF is an exchange-traded fund that invests in and tracks the equity stakes of China-based companies.
( 26
min )
The January Effect is the tendency for stock prices to rise in the first month of the year following a year-end sell-off for tax purposes.
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min )
Mortgage rates have reached multi-decade lows the last few years, and some fixed-income ETFs are feeling the effects.
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min )
Use these practical tips to help curb excess holiday spending and ensure you stay on budget for the new year.
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min )
Gift splitting allows a married couple to gift twice as much without being subject to a gift tax.
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min )
Parents, grandparents, and other interested adults can give financial gifts to children to help secure their future. Learn more about what's available.
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min )
A proportional tax is an income tax system that requires the same percentage of income from all taxpayers, regardless of their income.
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min )
Capitalism and a free market are two complementary economic theories but in practice many nations borrow elements of each system.
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min )
Married filing jointly is a filing status for married couples who have wed before the end of the tax year.
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min )
The Supreme Court’s decision could upend the nation’s tax code at a time when the Biden White House is seeking to raise taxes on the richest Americans.
( 21
min )
Palantir Technologies (NYSE:PLTR) is a solid company with growing revenue. However, Palantir stock is too pricey after a year-long rally. After heeding the warning of a prominent Wall Street expert, I am bearish on PLTR stock, and investors may choose to take profits if they have any. Colorado-based Palantir Technologies provides software and services in the areas of cybersecurity and threat detection. The company’s products/services have embedded artificial intelligence (AI) functionalities, an
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The Department of Education released new details Monday on how may be covered by proposed federal rules around student loan forgiveness that could be finalized next year.
( 20
min )
(Bloomberg) -- AT&T Inc. will tap Ericsson AB to modernize its US wireless network, a project that could amount to almost $14 billion over five years. Most Read from BloombergWall Street’s Furious Bull Run Gets Reality Check: Markets WrapHow Suspects Laundered Billions in Singapore for YearsBitcoin Surges Past $42,000 Even as Stocks and Bonds Take a HitIsrael’s Wider War Has US Cautioning of ‘Strategic Defeat’Here’s How to Invest in Gold as It Hits an All-Time HighFor Ericsson, already responsib
( 34
min )
The Federal Reserve’s 2022 consumer finance survey unveils a striking picture of American prosperity, revealing that the mean net worth of the average household has ascended to $1.06 million, a 23% from $868,000 in 2019. This statistic, while impressive, masks a more nuanced and unequal economic landscape. Despite the seemingly thriving financial status of American households, the reality is more complex, particularly for the middle class. The COVID-19 pandemic, which drastically impacted econom
( 35
min )
JPMorgan Chase analysts warned in a new note to clients that the stock market faces more pain in 2024, projecting the S&P 500 will fall 8% by year's end.
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No matter who you are or what tax bracket you're in, one thing is true: You want to take advantage of as many legally authorized tax breaks as you can. If you don't act fast, you may lose the opportunity to get a 20% cut on your investment income. Keep reading to find out how you can still take advantage of this tax break and possibly help get it extended in Congress. A Senator, The Tax Cuts And Jobs Act And Real Estate Investments One of the more controversial provisions of the Tax Cuts and Job
( 36
min )
The case before the justices Tuesday could have sweeping implications for the U.S. tax system and derail proposals from some Democrats to create a wealth tax.
( 36
min )
(Bloomberg) -- US Bank is issuing $2.5 billion of credit-linked notes tied to a pool of auto loans.Most Read from BloombergWall Street’s Furious Bull Run Gets Reality Check: Markets WrapHow Suspects Laundered Billions in Singapore for YearsBitcoin Surges Past $42,000 as Crypto Rally Gathers SteamIsrael’s Wider War Has US Cautioning of ‘Strategic Defeat’Here’s How to Invest in Gold as It Hits an All-Time HighIt’s the first time US Bank has sold this type of securitization, according to a prelimin
( 33
min )
Skyrocketing interest rates around the globe have culminated in a worldwide housing crisis as economies deal with the problem of burgeoning unaffordable housing. Germany, Europe's largest economy, has been dealing with slower construction amid stagnant demand, causing the property market to shrink rapidly. "The homebuilding or construction sector is the first victim of higher interest rates," Carsten Brzeski, global head of macro research and chief economist for Germany at ING Group, told CNBC.
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The average American wage earner needs to earn tens of thousands of dollars per year more than in the past to afford the average house in America. According to the U.S. Census, the average American household income in 2022 was $74,580. The average home price is $431,000, according to the Federal Reserve Bank of St. Louis. Benzinga looks at why both of those averages spell trouble for the housing market. A 20% down payment on a $431,000 house would be around $86,000 and leave roughly $345,000 in
( 36
min )
Recently, Chinese EV manufacturing giant NIO (NYSE:NIO) made waves by inking a deal with sector compatriot Changan Automobile. Under the terms of the partnership agreement, the two parties will jointly facilitate the formulation of standards for swappable batteries. Within the past several days, it also inked a similar agreement with Geely Automobile (OTC:GELYF). Still, the battery swap directive presents both advantages and significant disadvantages. Given the ambiguities, I am neutral on NIO s
( 36
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(Bloomberg) -- Starbucks Corp. shares are on track to suffer a record run of losses as concern builds that sales trends at the coffee giant have cooled in recent weeks.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsWall Street’s Furious Bull Run Gets Reality Check: Markets WrapBitcoin Surges Past $42,000 as Crypto Rally Gathers SteamHere’s How to Invest in Gold as It Hits an All-Time HighChina Says US Navy Ship ‘Seriously Violated’ Its SovereigntyThe stock dropped
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Gold prices top $2,100 as investors seek refuge from geopolitical instability and bet on Fed interest rate cuts.
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Swiss private bank Banque Pictet has admitted to helping U.S. taxpayers hide more than $5.6 billion from the Internal Revenue Service (IRS) and has entered into a deferred prosecution agreement with the Justice Department, federal prosecutors said on Monday. As part of the agreement, Banque Pictet agreed to pay $122.9 million to the U.S. Treasury. "This case should provide a clear message to others who try to hide their assets and income offshore," Jim Lee, the chief of the IRS' criminal investigation division, said in a statement.
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Robert Kiyosaki, renowned for his bestselling book “Rich Dad Poor Dad,” advocates a provocative approach to wealth accumulation, stating, “My rich dad always said only lazy people use their own money.” This philosophy underpins Kiyosaki’s success in transforming negligible funds into substantial returns. Contrary to conventional wisdom, he emphasizes the importance of not using your own money for investments but instead leveraging other people’s money (OPM). Kiyosaki’s strategy involves innovati
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Los Angeles mansion owners, once keen on selling their grand properties, are now grappling with a market that’s less than favorable for sales. The trend is particularly evident in the city’s most opulent areas, where the challenges are two-fold: a new tax on luxury sales and a turbulent entertainment industry. The “mansion tax,” officially known as Measure ULA, which went into effect on April 1, imposes a significant additional cost on the sale of high-value properties. Homes selling for over $5
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BYD delivered just over 301,000 passenger vehicles in November, up about 31% year over year. Included in the total were just over 170,000 all-battery electric vehicles, or BEVs, up almost 50% year over year.
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In 2018, former Amazon.com Inc. Founder and CEO Jeff Bezos expressed a distinctive view on stock market dynamics and company growth. Despite Amazon’s fluctuating stock prices, Bezos insisted, “I don't spend any time thinking about the daily stock price; I don't.” He elaborated on his philosophy during an interview at the Economic Club of Washington, D.C., saying, “At almost every all-hands meeting I say: ‘Look, when the stock is up 30% in a month, don't feel 30% smarter. Because when the stock i
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The Energy Department has released guidelines that impact EV tax credits in 2024 and beyond.
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Carvana stock has skyrocketed from about $4 to $40 this year---and it's up another 15% on Monday thanks to an upgrade from Sell.
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Rates on 30-year loans dipped again, dropping almost to their cheapest level in three months. Though rates for most loan types fell, 30-year refi rates instead shot higher.
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(Bloomberg) -- Many analysts are convinced it’s time to pile into stocks on hopes the US economy will buck a hard landing in 2024 and the Federal Reserve is finished raising interest rates. Dubravko Lakos-Bujas, JPMorgan Chase & Co.’s chief global equity strategist, isn’t one of them.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsWall Street’s Furious Bull Run Gets Reality Check: Markets WrapBitcoin Surges Past $42,000 as Crypto Rally Gathers SteamHere’s How to Inv
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A U.S. appeals court on Monday threw out a $2.18 billion patent-infringement award won by patent owner VLSI Technology against Intel Corp, overturning one of the largest verdicts in the history of U.S. patent law. The U.S. Court of Appeals for the Federal Circuit reversed the jury's 2021 verdict that Intel infringed one VLSI patent, and sent the case back to Texas for a new trial to determine how much Intel owes for infringing a second VLSI patent.
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Carvana shares extended a recent rally after JPMorgan analysts boosted their outlook for the online used-car seller.
The shares were recently up 10% in premarket trading. JPMorgan raised its Carvana outlook to "neutral" from "underweight" and lifted its price target to $40 a share, from $25.
Carva
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Stock in space tourism pioneer Virgin Galactic plummeted early Monday after founder Richard Branson said he wouldn't put more money into the company.
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Piper Sandler analysts rate both chip stocks at Overweight.
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Alaska Airlines shares dropped and Hawaiian Airlines shares soared after a $1.9 billion merger announcement, which may face opposition from U.S. regulators.
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Alaska Air Group has agreed to buy Hawaiian Airlines parent in a deal worth $1.9 billion but the news is having a dramatically different effect on the stocks.
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Some Midwestern and Northeastern housing markets will likely see growth in 2024 in healthcare and manufacturing, Realtor.com says.
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(Bloomberg) -- Mark Zuckerberg is selling Meta Platforms Inc. stock for the first time in two years after the social media giant rapidly rebounded from a tumultuous 2022.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsBonds, Stocks in Retreat as Rate Realism Seeps In: Markets WrapBitcoin Surges Past $42,000 as Crypto Rally Gathers SteamHere’s How to Invest in Gold as It Hits an All-Time HighAlaska Air Agrees to Buy Hawaiian in $1.9 Billion DealThe Meta co-founder’s
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The price of Bitcoin has gained more than 50% in less than two months amid crypto ETF hopes and expectations of interest-rate cuts.
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Gold prices dropped back from record highs early on Monday. Some analysts are skeptical of further gains.
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With the New Year less than a month away, now is a good time to start putting our investment portfolios into order for 2024. The goal is to maximize returns, as always, and there’s only one trick to that: finding the best stocks, with the strongest long-term potential. Finding can be a chore, however, since it involves sifting through the imposing wall of data tossed up by thousands of public stocks moving through tens of millions of trades every day. This is what the TipRanks Smart Score was ma
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Hawaiian shares were trading at $13.60 premarket, below Alaska's offer price of $18 per share made public on Sunday, with some analysts saying regulatory approval was far from certain. Hawaiian presently has a negative price-to-earnings (PE) ratio of 1.5, reflecting losses, compared to a positive forward 12 months PE ratio of 8.2 for Alaska Air, according to LSEG. Alaska and Hawaiian said on Sunday the deal, valued at $929.4 million on an equity basis, will expand their networks and offer more choices for passengers.
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The activist investor’s suggestions for the energy company have a proven track record.
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(Bloomberg) -- Central clearinghouses that hold over $1 trillion in liquid assets may exacerbate periods of financial stress, creating “margin spirals” that can push down asset prices, according to researchers from the Bank for International Settlements.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsBonds Retreat as Doubts Over Rate Cuts Creep In: Markets WrapBitcoin Surges Past $42,000 as Crypto Rally Gathers SteamHere’s How to Invest in Gold as It Hits an All-Tim
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You can't avoid taxes when making a Roth IRA conversion, but there are strategies to reduce your tax burden if the circumstances are right. When you convert money from a pre-tax account, such as a 401(k) or an IRA, to a post-tax Roth IRA, you must pay income taxes on the full value of the […] The post I Want to Convert $500k in My 401(k) to a Roth IRA. How Do I Avoid Paying Taxes? appeared first on SmartReads by SmartAsset.
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Bitcoin’s rebound, Spotify Lays Off Staff, Alaska Air Unveils $1.9 Billion Deal for Hawaiian Airlines, and other news to start your day.
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AMD and Intel are pushing new AI chips into the market, but Nvidia’s dominance will be hard to crack.
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Here are the stocks poised to make moves on Monday.
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Alaska Air Group has agreed to buy Hawaiian Airlines parent in a deal worth $1.9 billion but the news is having a dramatically different effect on the stocks.
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The S&P 500's feverish late-year rally has brought the index to its highest level of 2023, leaving it just 4.2% away from the all-time peak reached in January 2022. A close above 4,796.56 on the S&P 500 would confirm that the index has been in a bull market since bottoming out on Oct. 12, 2022, by one commonly used definition. A look at bull markets of the past suggests that investors should expect stocks to take a breather before marching higher.
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Roche said it would buy California-based biotechnology company Carmot Therapeutics for up to $3.1 billion, tapping assets it says have the potential to treat obesity in patients with and without diabetes.
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Gold prices dropped back from record highs early on Monday. Some analysts are skeptical of further gains for the precious metal.
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Leading contenders for the helm of one of the world’s biggest healthcare companies are pharmaceuticals chief Jennifer Taubert and CFO Joseph Wolk.
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Electric vehicle maker Nio has been added to a Chinese industry ministry database permitting companies to produce vehicles in the country, according to the ministry's website. The website gave no details on whether or when a manufacturing licence was granted to Nio, which has since 2018 partnered with Anhui Jianghuai Automobile Group (JAC) to produce electric vehicles on a contract basis. Nio said in response to a Reuters query that it currently had no information to share.
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The cuts are equivalent to about 1,500 jobs and is the third round of layoffs this year.
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(Bloomberg) -- US stocks are headed for a rocky end to the year after rallying in November as bond yields fluctuate, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsBonds Pull Back While Bitcoin Tops $41,000: Markets WrapBitcoin Scales $41,000 to 19-Month High on ETF Hopes, Fed BetsHere’s How to Invest in Gold as It Hits an All-Time HighAlaska Air Agrees to Buy Hawaiian in $1.9 Billion DealThe strategist — who remained br
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(Bloomberg) -- A rapidly rising retail investor base and resurgent foreign inflows have put India’s stock market — the world’s fifth biggest — within striking distance of an unprecedented $4 trillion valuation.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsBitcoin Scales $41,000 to 19-Month High on ETF Hopes, Fed BetsEuropean Stocks Slide with Treasuries; Gold Falls: Markets WrapHere’s How to Invest in Gold as It Hits an All-Time HighAlaska Air Agrees to Buy Hawaii
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(Bloomberg) -- China Evergrande Group won breathing room to strike a restructuring agreement with creditors after a Hong Kong court again pushed back a decision on whether the world’s most-indebted property developer should be wound up. Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsBonds Pull Back While Bitcoin Tops $41,000: Markets WrapBitcoin Scales $41,000 to 19-Month High on ETF Hopes, Fed BetsHere’s How to Invest in Gold as It Hits an All-Time HighAlaska Air
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The U.S.-China rivalry over semiconductor technology is upending the chips sector. There are five stocks set to benefit and that are better placed than Intel, Citi says.
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Oil failed to sustain an early rally that followed news of attacks on commercial shipping in the Red Sea. Notably, oil prices lost early gains and Brent eased around 57 cents to $78.31 a barrel amid doubts that OPEC+ would be able to maintain planned output cuts, particularly by some African countries. At the same time, U.S. oil output is at record levels above 13 million barrels a day and rig counts are still rising.
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(Bloomberg) -- Bitcoin has jumped more than 140% this year to outstrip other investments like stocks and gold, and optimism for further gains is high.Most Read from BloombergBitcoin Hits $40,000 Level for the First Time Since May 2022Alaska Air Agrees to Buy Hawaiian in $1.9 Billion DealHow Suspects Laundered Billions in Singapore for YearsUS Warns Iran-Backed Houthis After Attacks on Red Sea ShippingKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireIts stellar performance comes aft
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Asian shares traded mixed Monday as investors awaited a slew of U.S. economic data set for release later in the week. Japan's benchmark Nikkei 225 shed 0.8% in morning trading to 33,159.03. Hong Kong's Hang Seng lost 0.6% to 16,736.45, while the Shanghai Composite edged down less than 0.1% to 3,029.42.
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Gold prices bolted to an all-time high above $2,100 per ounce on Monday as Federal Reserve Chair Jerome Powell's remarks elevated traders' confidence that the U.S. central bank could cut interest rates early next year. Lower interest rates reduce the opportunity cost of holding a non-interest-bearing bullion. U.S. gold futures rose nearly 1% to $2,107.60.
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Electric vehicles are one of the main characters in this newsletter, so I thought it would be worth noting a less visible — yet fundamental — aspect of the EV storyline here in North America. The long-awaited guidance disqualifies EVs from the tax credit if any of the battery components are made or assembled by a foreign entity of concern such as China, Iran, Russia and North Korea. Importantly, the departments go further to clarify how they determine what is a "foreign entity of concern," or FEOC.
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(Bloomberg) -- Oil advanced after a six-week run of losses on speculation that the Federal Reserve is done raising interest rates and the possibility that US sanctions on Venezuelan supply could be tightened up once again. Most Read from BloombergAlaska Air Agrees to Buy Hawaiian in $1.9 Billion DealKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireUS Warns Iran-Backed Houthis After Attacks on Red Sea ShippingEerie Calm in S&P 500 Signals Historic Rally Has Staying PowerBill Gates S
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A lawyer for embattled property developer China Evergrande Group on Monday sought adjournment of a Hong Kong court's hearing of a liquidation petition, saying no creditors were "actively seeking" a winding up. Evergrande, the world's most indebted property developer with more than $300 billion of total liabilities, defaulted on its offshore debt in late 2021 and became the poster child of a debt crisis that has since engulfed China's property sector. The liquidation hearing resumed in the Hong Kong court on Monday amid uncertainty about whether the developer would be able to submit a "concrete" debt restructuring proposal, as ordered by the court in October.
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Alaska Airlines will inherit a cargo business for Amazon as part of its acquisition of Hawaiian Airlines. The post Alaska Airlines to fly Amazon packages after completing Hawaiian buy appeared first on FreightWaves.
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(Bloomberg) -- The analyst who predicted the troubles that cascaded through China’s regional banks four years ago now has similar warning for the nation’s $2.9 trillion trust industry. Most Read from BloombergAlaska Air Agrees to Buy Hawaiian in $1.9 Billion DealKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireUS Warns Iran-Backed Houthis After Attacks on Red Sea ShippingEerie Calm in S&P 500 Signals Historic Rally Has Staying PowerBill Gates Says Chances of Meeting 2C Warming Goal
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Nederland en andere EU-landen hebben Polen aangesproken op de grensblokkades voor Oekraïense vrachtwagenchauffeurs bij de Pools-Oekraïense grens. Die moeten "zo snel mogelijk" uit de weg, vinden demissionair minister Mark Harbers van Infrastructuur en "een groot aantal" medestanders.
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De Zwitserse private bank Pictet biecht op klanten in de Verenigde Staten te hebben geholpen om belasting te ontduiken. Meer dan 5,6 miljard dollar (zo'n 5,2 miljard euro) bleef zo verborgen voor federale belastingdienst IRS.
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Spotify heeft maandagochtend de grootste reorganisatie in zijn geschiedenis aangekondigd. Ruim vijftienhonderd mensen verliezen hun baan. Maar de muziekdienst draait al zeventien jaar verlies. Waarom wordt juist nu ingegrepen?
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Zo goed als alle cadeautjes zijn dit jaar op tijd binnen voor Pakjesavond, verwachten pakketbezorgers PostNL en DHL. Vrijwel alle pakjes zijn binnen twee dagen bij de klant binnengekomen.
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Een vrouw die een bruidsjurk paste werd voor twee spiegels gefotografeerd met een iPhone 12. Bij het terugkijken zag ze zichzelf in drie poses op één foto. Ze schrok. Hoe kon dit? Na een maand is het mysterie eindelijk opgelost.
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Als het goed is, ontving je maandag om 12.00 uur een testbericht van NL-Alert. Het alarmsysteem moet iedere Nederlander kunnen waarschuwen bij noodsituaties. Dit moet je erover weten.
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Als het goed is, ontving je maandag om 12.00 uur een testbericht van NL-Alert. Het alarmsysteem moet iedere Nederlander kunnen waarschuwen bij noodsituaties. Dit moet je erover weten.
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Het Chinese vastgoedconcern Evergrande krijgt onverwacht langer de tijd om met een reddingsplan te komen. Eén van de schuldeisers heeft zijn verzoek ingetrokken tot onmiddelijke liquidatie.
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Wie nu zonnepanelen koopt, heeft de investering volgens Milieu Centraal binnen zo'n zes jaar terugverdiend. Dat is twee jaar sneller dan aan het begin van 2023, toen zonnepanelen nog veel duurder waren.
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Muziekdienst Spotify heeft maandagochtend de derde en tot nu toe grootste reorganisatie aangekondigd om kosten te besparen. Daarbij verliest 17 procent van het personeel zijn baan. Dat komt neer op ruim vijftienhonderd medewerkers.
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Supermarkten, stations, scholen en vliegvelden moeten in de komende jaren duizenden nieuwe statiegeldmachines en andere inleverpunten krijgen. Dat staat in een nieuw plan van de afvalbranche, die eerder vanwege rondslingerende flesjes een tik op de vingers heeft gekregen.
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De goudprijs is maandag gestegen naar een ongekend hoogtepunt. Dat komt vooral doordat de dollar minder waard wordt. De prijs van het edelmetaal steeg tot 2.135 dollar per troy ounce (31,1 gram).
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Op 1 januari verandert er het een en ander voor mensen die een woning willen kopen. Zo kunnen alleenstaanden meer lenen om een huis te kopen en gaat de grens van de Nationale Hypotheek Garantie verder omhoog. Wat betekent dit voor woningzoekenden?
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Kunstkerstbomen zijn dit jaar iets goedkoper dan vorig jaar. Desondanks verwachten telers en tuincentra dat ook de echte boom met hier en daar een scheve tak populair blijft. "Je geeft je liefde toch geen plastic rozen?"
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De omzet in de auto- en motorbranche is in het derde kwartaal minder hard gestegen dan in het tweede kwartaal.
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Op 1 januari verandert er het een en ander voor mensen die een woning willen kopen. Zo kunnen alleenstaanden meer lenen om een huis te kopen en gaat de grens van de Nationale Hypotheek Garantie verder omhoog. Wat betekent dit voor woningzoekenden?
( 10
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Kunstkerstbomen zijn dit jaar iets goedkoper dan vorig jaar. Desondanks verwachten telers en tuincentra dat ook de echte boom met hier en daar een scheve tak populair blijft. "Je geeft je liefde toch geen plastic rozen?"
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Steeds meer bedrijven proberen de werkdruk te verlagen door het aantal taken te verminderen. Toch blijven de problemen groot vanwege het personeelstekort en het oplopende ziekteverzuim. Er wordt te veel verwacht van mensen, die het privé bovendien drukker hebben.
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The IRS is raising the interest penalty for underpayment of estimated taxes, with taxpayers who are self-employed or work as independent contractors urged to be vigilant.
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(Bloomberg) -- Bitcoin hit $40,000 for the first time since May 2022 as the largest digital asset extended this year’s rebound on expectations of interest-rate reductions and greater demand from exchange-traded funds.Most Read from BloombergAlaska Air Agrees to Buy Hawaiian in $1.9 Billion DealKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireUS Warns Iran-Backed Houthis After Attacks on Red Sea ShippingEerie Calm in S&P 500 Signals Historic Rally Has Staying PowerSurprise Call Shoc
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(Bloomberg) -- Leveraged exchange-traded funds are so popular among South Korean retail investors that they own more than 20% of some of the most high-profile ones listed in the US.Most Read from BloombergAlaska Air Agrees to Buy Hawaiian in $1.9 Billion DealKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireBitcoin Hits $40,000 Level for the First Time Since May 2022US Warns Iran-Backed Houthis After Attacks on Red Sea ShippingEerie Calm in S&P 500 Signals Historic Rally Has Staying
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As the Fed fights inflation, the gap between the cost of home ownership and the cost of renting has reached an unprecedented high.
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(Bloomberg) -- Asian stocks are set to climb in early trading as markets parse Federal Reserve Chair Jerome Powell’s reminder that policymakers are in no hurry to ease interest rates.Most Read from BloombergKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireAlaska Air Agrees to Buy Hawaiian in $1.9 Billion DealHouthis Say They Targeted Two Israeli Vessels in Red SeaSurprise Call Shocks Staid Corner of Bond Market: Credit WeeklyIsrael, Threatened by Hezbollah, Seeks Solution for Empty
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A key to success in the stock market is a touch of foresight. Not quite precognition, but an ability to spot and put together clues and trends, to discern the ‘next big thing’ before it hits. This is true in every stock sector, but today we’ll focus on biotech. The biotech firms have famously high product lead times, paired with equally high overhead expenses; it’s a combination that would make them unlikely investments, except that when a drug is approved, it can turn into a blockbuster. Succes
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(Bloomberg) -- One of the chipmaking industry’s small but indispensable suppliers is sinking deeper in debt because it’s refusing to raise prices to cover mounting capex costs.Most Read from BloombergAlaska Air Agrees to Buy Hawaiian in $1.9 Billion DealKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireBitcoin Hits $40,000 Level for the First Time Since May 2022US Warns Iran-Backed Houthis After Attacks on Red Sea ShippingEerie Calm in S&P 500 Signals Historic Rally Has Staying Powe
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Alaska Air Group said Sunday it agreed to buy Hawaiian Airlines in a $1.9 billion deal including debt. The combined company would keep both airlines' brands, which call the 49th and 50th states their homes. Alaska will pay $18 in cash for each share of Hawaiian, whose stock closed Friday at $4.86.
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(Bloomberg) -- A torrid bond-market rally shows traders are convinced the Federal Reserve’s rate-rising cycle is over. The debate now turns to when central bankers start cutting, and by how much.Most Read from BloombergKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireSurprise Call Shocks Staid Corner of Bond Market: Credit WeeklyIsrael, Threatened by Hezbollah, Seeks Solution for Empty NorthHouthis Say They Targeted Two Israeli Vessels in Red SeaIndia Election Latest: Congress Lame
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Don't try to figure out why Tesla is valued like it is or why GM shares trade for less than one-quarter of the S&P 500 multiple. You'll lose your mind.
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Coming up this week: November unemployment numbers, updates on consumer credit, and earnings reports from GameStop, LuLulemon, Broadcom, and others.
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A new UBS report shows that new billionaires in 2023 accumulated the majority of wealth by inheritance, not entrepreneurship, a trend that wealth managers see continuing.
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Nothing like a new pilot deal for the holidays.
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I am in a quandary about how to invest $750,000 that’s in my 401(k). I'm 67 years old, retired and I have not started taking Social Security yet. What is the best way to preserve this money for the rest of my life that doesn't have high fees? -Terry As you know, the big challenge […] The post Ask an Advisor: I’m 67 with $750K in a 401(k). How Can I Preserve This Money for the Rest of My Life? appeared first on SmartReads by SmartAsset.
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(Bloomberg) -- Beneath the adrenaline rush of November’s stock-market surge is an eerie calm that points to more gains for equities investors, at least through the end of the year.Most Read from BloombergSurprise Call Shocks Staid Corner of Bond Market: Credit WeeklyExxon Among 50 Oil Producers in Controversial Climate Pact at COP28KISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireIndia Election Latest: Congress Laments Its Disappointing ResultIsrael Risks ‘Strategic Defeat’ If It D
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The justices will debate the meaning of “income” under the 16th Amendment.
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A mutual-funds rating company changed its methodology over a decade ago, and that apparently has made all the difference.
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Investor-protection advocates say many belong to risky small companies that should be on the OTC market.
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(Bloomberg) -- Across Wall Street, analysts and investors had cheered 2023 as the year of emerging markets, only to be burned by a relentless climb in US Treasury yields. Now, as the Federal Reserve looks set to end its most-aggressive monetary tightening campaign in a generation, they’re at it again.Most Read from BloombergExxon Among 50 Oil Producers in Controversial Climate Pact at COP28Surprise Call Shocks Staid Corner of Bond Market: Credit WeeklyIsrael Risks ‘Strategic Defeat’ If It Doesn’
( 35
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California State Teachers' Retirement System, or Calsters, cut positions in AMC Entertainment, NIO, Spotify, and Johnson & Johnson in the third quarter.
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Younger generations are financially better prepared for retirement, contrary to what many people think.
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Klarna has frozen hiring and is planning to shrink its workforce as its chief executive bets that more jobs will be carried out by artificial intelligence (AI) in the future.
( 36
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(Bloomberg) -- Jeff Ubben, the veteran hedge fund manager who’s just closed his sustainable investing firm, is calling out what he’s dubbed the “echo chamber” of traditional climate summitry.Most Read from BloombergExxon Among 50 Oil Producers in Controversial Climate Pact at COP28Israel Risks ‘Strategic Defeat’ If It Doesn’t Protect Civilians, Austin SaysSurprise Call Shocks Staid Corner of Bond Market: Credit WeeklyIndia Election Latest: BJP Leads in States Held by OppositionIsrael Focuses on
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China is likely to implement proactive fiscal policy next year as there is still a need for the world's second-biggest economy to realise stable growth, a former central banker was cited as saying in state-owned media on Sunday. "It is expected that next year China will continue to implement positive fiscal policy, monetary policies that are in line with positive fiscal policy, with a relatively large policy space to lower the reserve requirement ratio," Sheng Songcheng, a former statistics and analysis director of the People's Bank of China, said in comments reported by Shanghai Securities News.
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(Bloomberg) -- China’s regulator wants provinces to come up with their own plans to handle financial risks, according to a report, about a month after officials pledged to set up a mechanism to resolve local debt issues.Most Read from BloombergExxon Among 50 Oil Producers in Controversial Climate Pact at COP28 Israel Risks ‘Strategic Defeat’ If It Doesn’t Protect Civilians, Austin SaysSurprise Call Shocks Staid Corner of Bond Market: Credit WeeklyWoman Discovers Over $86 Million Mistakenly Depos
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The IRS penalty for shortfalls jumps to 8%.
( 27
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Chainlink (LINK) is a cryptocurrency and technology platform that enables blockchain platforms to securely interact with external data.
( 24
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The difference between gross income and earned income is an important one come tax time. Find out how the IRS uses both to determine your final tax liability.
( 23
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Learn about flexible spending accounts (FSAs), what they cover, and who can use them.
( 25
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Dental insurance typically doesn't cover cosmetic procedures, including teeth whitening, Learn what is covered and what your options are when paying for whitening.
( 23
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A nonprofit has tax-exempt status for furthering religious, scientific, charitable, educational, literary, public safety, or cruelty-prevention causes.
( 27
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Coming up this week: November unemployment numbers, updates on consumer credit, and earnings reports from GameStop, LuLulemon, Broadcom, and others.
( 19
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Cold wallets, a type of crypto wallet, are digital cryptocurrency storage on a platform not connected to the internet, which protects them from hackers.
( 25
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If you’re working and taking RMDs, your taxable income may start to bulge. Find out how to keep it—and your tax bill—under control.
( 29
min )
A new UBS report shows that new billionaires in 2023 accumulated the majority of wealth by inheritance, not entrepreneurship, a trend that wealth managers see continuing.
( 18
min )
A health savings account (HSA) is a good deal for almost anyone who wants to save on taxes and healthcare costs. Here's how it works.
( 31
min )
Examining the role of government in a capitalist economic system and ideas about the proper amount of state intervention.
( 23
min )
A risk reversal is an options strategy used primarily for hedging purposes.
( 24
min )
The Consumer Price Index is a widely-quoted measure of inflation in the United States, but the methodology used to calculate it generates controversy among economists.
( 30
min )
Fiat money is physical currency—paper money and coins—while representative money indicates the transfer of a sum of money stored elsewhere.
( 24
min )
Find out the benefits of fixed- and adjustable-rate mortgages, and learn how to choose between the two.
( 26
min )
In het derde kwartaal is de omzet in de auto- en motorbranche fors minder gestegen dan in het tweede kwartaal.
( 8
min )
Veel exploitanten van kerstmarkten in Duitsland klagen over de in hun ogen buitensporige kosten voor muziek. De auteursrechtenorganisatie die ze moeten betalen voor muziekrechten, heeft zijn tarieven flink verhoogd omdat kerstmarkten eerder onjuiste gegeven doorspeelden om kosten te drukken.
( 9
min )
De feestdagen komen steeds dichterbij. Nu december is aangebroken, halen we massaal de kerstversiering van zolder of uit de berging. Twinkelende lampjes maken de donkere dagen een stuk aangenamer, maar hoeveel stroom kost het om die lampjes te laten branden?
( 10
min )
De onderhandelingen voor een handelsovereenkomst tussen de Europese Unie en vier Zuid-Amerikaanse landen lijkt extra vertraging op te lopen. Volgens de Franse president Emmanuel Macron zijn de toezeggingen op het gebied van milieu die Brussel heeft gekregen niet voldoende.
( 9
min )
Na elf jaar stopt Peter Wennink in 2024 als topman van ASML. Opvolger Christophe Fouquet zal moeite hebben zijn succes te evenaren. Met name de politiek kan daarbij in de weg zitten. NU.nl zet de belangrijkste uitdagingen op een rijtje.
( 4
min )
Na elf jaar stopt Peter Wennink in 2024 als topman van ASML. Opvolger Christophe Fouquet zal moeite hebben zijn succes te evenaren. Met name de politiek kan daarbij in de weg zitten. NU.nl zet de belangrijkste uitdagingen op een rijtje.
( 11
min )
In general, 401(k) plans and 403(b) plans are very similar but they do have a few key differences, such as the investment choices offered.
( 22
min )
A red candlestick indicates that the closing price of a security is lower than both the open and prior close. Candlesticks of other colors can indicate other data.
( 25
min )
Crypto hacks have become a major problem for the industry.
( 25
min )
A 10-year Treasury note is a debt obligation issued by the United States government that matures in 10 years. It pays interest twice a year and face value at maturity.
( 25
min )
Billionaire Charlie Munger had tremendous success as an investor. Here are some ways to learn from his leadership.
( 19
min )
Form 5329 is for individuals taking early distributions and those who owe excess-contribution or excess-accumulation penalties.
( 31
min )
The annual return is the compound average rate of return for an investment per year over a period of time. It can be useful when you want to gauge performance over time.
( 24
min )
Your basic investment objectives should come down to three fundamental goals: safety, income, and growth. The trick is to balance them for your needs.
( 26
min )
Fungibility is the interchangeability of a good or asset with other specific goods/assets of the same type. It simplifies trade and exchange processes.
( 23
min )
Using common size financial statements can help you spot trends that a raw financial statement may not uncover. They compare the percentages between two or more years.
( 24
min )
How much should you contribute to your 401(k)? The short answer is as much as you can, but there is more to it than that.
( 31
min )
Whichever type of retirement account you choose, these simple strategies will help you build a bigger nest egg for your future.
( 28
min )
The Treasury Department proposed new requirements for which electric vehicles can qualify for buyers to get federal tax credits.
( 17
min )
Elon Musk slammed advertisers boycotting his social media site in an interview this week as decreased ad spend on the site threatens the existence of X and creates both issues and opportunities for a slew of companies.
( 19
min )
IRAs are one of the most proven ways to grow investments over time, thanks to the magic of compounding.
( 25
min )
Mobile advertising is advertising designed to appear on mobile devices such as smartphones and tablets. It is optimized for the small screen space available.
( 24
min )
Find out how to set an investment goal, and see how a Roth IRA can help you reach it.
( 29
min )
Government benefits can cost you big money, which is why it’s so important to know the income thresholds before you file.
( 27
min )
If you can’t afford your debt payments, making a partial payment might seem better than nothing. However, you may still be penalized by the lender.
( 27
min )
Depending on the type of debts you have, your loved ones may have to repay money you owe after you die. Here’s how to protect them financially.
( 25
min )
Our complete guide to rebalancing your portfolio will make sure that you maintain your strategy and maximize your returns.
( 45
min )
Today's best CD rates are 5.88% from West Town Bank & Trust and 5.80% from Seattle Bank—or a 5.85% option if you can manage a jumbo-sized deposit.
( 19
min )
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In general, 401(k) plans and 403(b) plans are very similar but they do have a few key differences, such as the investment choices offered.
( 22
min )
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Crypto hacks have become a major problem for the industry.
( 25
min )
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Billionaire Charlie Munger had tremendous success as an investor. Here are some ways to learn from his leadership.
( 20
min )
Hi, folks, welcome to Week in Review (WiR), TechCrunch's newsletter that highlights some of the more noteworthy moments in tech over the past few days. A fair amount happened this week, including Amazon's re:Invent conference, a ransomware catastrophe at Fidelity, Sam Altman officially returning to OpenAI, Neuralink raising money, and SpaceX acquiring a parachute company. Also, Tesla officially launched the Cybertruck, Black Friday numbers came in, Evernote imposed caps on its free plan, and Teenage Engineering unveiled its latest gadget.
( 37
min )
(Bloomberg) -- Traders betting that regulators will approve a US spot Bitcoin exchange-traded fund sooner rather than later have all but evaporated a once-gargantuan discount on the world’s biggest crypto fund. Most Read from BloombergExxon Among 50 Oil Producers in Controversial Climate Pact at COP28Putin Seizes Rights to St. Petersburg Airport From Foreign InvestorsWoman Discovers Over $86 Million Mistakenly Deposited in Her Bank AccountIsrael Says Hamas Violated Terms of Cease-Fire as Truce L
( 34
min )
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How much should you contribute to your 401(k)? The short answer is as much as you can, but there is more to it than that.
( 31
min )
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Whichever type of retirement account you choose, these simple strategies will help you build a bigger nest egg for your future.
( 28
min )
Companies discover buyers are more price-sensitive—which is good news for central bankers.
( 27
min )
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Elon Musk slammed advertisers boycotting his social media site in an interview this week as decreased ad spend on the site threatens the existence of X and creates both issues and opportunities for a slew of companies.
( 21
min )
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IRAs are one of the most proven ways to grow investments over time, thanks to the magic of compounding.
( 24
min )
(Bloomberg) -- A rally across all asset classes powering the S&P 500 to its best month in over a year has finally caught the attention of retail investors.Most Read from BloombergExxon Among 50 Oil Producers in Controversial Climate Pact at COP28Putin Seizes Rights to St. Petersburg Airport From Foreign Investors Israel Risks ‘Strategic Defeat’ If It Doesn’t Protect Civilians, Austin SaysWoman Discovers Over $86 Million Mistakenly Deposited in Her Bank AccountA Grad-School Number-Cruncher Shakes
( 35
min )
Broadcom CEO Hock Tan was unsparing in his expectations about remote work during a meeting with his new employees.
( 36
min )
Franklin Templeton is among the financial giants to have filed an application for a Bitcoin ETF.
( 37
min )
Shares of weapons makers have outperformed the S&P 500 since Oct. 7.
( 28
min )
Tom Baker has written to all 160 Florida state lawmakers as well as 15 news organizations about condo owners dealing with huge insurance rate hikes.
( 39
min )
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Find out how to set an investment goal, and see how a Roth IRA can help you reach it.
( 29
min )
At current rates, you can get a guaranteed 4%-plus return on a 30-year TIPS ladder.
( 28
min )
As the public sector sees a resurgence, surveys show young job seekers prefer positions at state -owned firms.
( 25
min )
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Government benefits can cost you big money, which is why it’s so important to know the income thresholds before you file.
( 27
min )
"We've more or less been saying potentially Saudi needs to just flush this thing out."
( 35
min )
The Wall Street firm was looking to get out of consumer lending, once a big area of expansion. But Apple dumped it first.
( 29
min )
Why is the stock market going up? The possible end of Federal Reserve rate hikes has gotten all the credit, but stocks are also getting a lift from the end of an earnings recession.
( 39
min )
See hidden gems from the Babe Ruth of the ETF industry.
( 35
min )
Former Wells Fargo & Co CEO Tim Sloan filed a lawsuit on Friday accusing the bank of failing to pay him more than $34 million after he resigned in 2019 amid a wide-ranging sales practices scandal. Sloan in the lawsuit filed in California state court says Wells Fargo canceled stock awards and withheld a bonus he had earned before stepping down. Wells Fargo in a statement said that "compensation decisions are based on performance, and we stand by our decisions in this matter."
( 35
min )
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Today's best CD rates are 5.88% from West Town Bank & Trust and 5.80% from Seattle Bank—or a 5.85% option if you can manage a jumbo-sized deposit.
( 21
min )
As U.S. stocks sit on hefty gains at the close of a rollercoaster year, investors are eyeing factors that could sway equities in the remaining weeks of 2023, including tax loss selling and the so-called Santa Claus rally. The key catalyst for stocks will likely continue to be the expected trajectory of the Federal Reserve's monetary policy. Evidence of cooling economic growth has fueled bets that the U.S. central bank could begin cutting rates as early as the first half of 2024, sparking a rally that has boosted the S&P 500 19.6% year-to-date and taken the index to a fresh closing high for the year on Friday.
( 35
min )
118 landen op de klimaattop in Dubai steunen tot nu toe een belofte om hernieuwbare energie te verdriedubbelen in 2030. Onder meer de Europese Unie en Nederland hopen dat de klimaattop COP28 eindigt met een belofte van alle landen wereldwijd.
( 9
min )
Topmanagers van de Turkse Denizbank worden onderzocht om mogelijke betrokkenheid bij een spraakmakende fraudezaak met bekende voetballers als slachtoffers. Dit heeft de Turkse president Recep Tayyip Erdogan zaterdag laten weten in gesprek met journalisten.
( 9
min )
Als je dacht dat een rijmwoordenboek valsspelen is voor een sinterklaasgedicht, dan ken je de mogelijkheden van kunstmatige intelligentie nog niet. Met AI-chatbots is het nu nóg makkelijker een gepersonaliseerd gedicht uit de computer te laten rollen.
( 10
min )
Amazon heeft een contract getekend met ruimtevaartbedrijf SpaceX voor de lancering van satellieten om internet op aarde aan te bieden. Dat is opmerkelijk, want SpaceX heeft voor het eigen Starlink al zo'n vijfduizend satellieten de ruimte ingeschoten met hetzelfde doel.
( 9
min )
Het is vandaag tien jaar geleden dat Hyves stopte als sociaal netwerk. De Nederlandse vriendensite werd na de oprichting in 2004 groot met krabbelen, tikken, het uitdelen van respect en natuurlijk het plaatje van de dansende banaan.
( 11
min )
OpenAI, het Amerikaanse bedrijf achter chatbot ChatGPT, stelt de lancering van zijn GPT Store uit tot begin volgend jaar. Eigenlijk had de nieuwe online winkel met door gebruikers aangepaste chatbots eind dit jaar al gereed moeten zijn.
( 9
min )
Het is vandaag tien jaar geleden dat Hyves stopte als sociaal netwerk. De Nederlandse vriendensite werd na de oprichting in 2004 groot met krabbelen, tikken, het uitdelen van respect en natuurlijk het plaatje van de dansende banaan.
( 11
min )
Uurtarieven voor de kinderopvang stijgen vanaf volgend jaar gemiddeld met zo'n 9,5 procent. Dat komt vooral door hogere salarissen voor personeel. De meeste ouders hoeven er niet van wakker te liggen, aangezien de kinderopvangtoeslag ook stijgt.
( 11
min )
De aardappeloogst in het Verenigd Koninkrijk is zodanig in het water gevallen dat er mogelijk niet genoeg aardappelen zijn voor alle Britse kerstdiners. Na de regen en overstromingen moeten supermarkten hun aardappelen waarschijnlijk buiten de landsgrenzen inslaan.
( 9
min )
Uurtarieven voor de kinderopvang stijgen vanaf volgend jaar gemiddeld met zo'n 9,5 procent. Dat komt vooral door hogere salarissen voor personeel. De meeste ouders hoeven er niet van wakker te liggen, aangezien de kinderopvangtoeslag ook stijgt.
( 10
min )
The top nationwide savings account pays 5.40%, and the best CD is offering 5.88%. So what’s the catch on this checking account that’s paying well over 7%?
( 18
min )
Most lenders will require a credit score of about 700 or higher
( 22
min )
The Silk Road was a digital black market platform that was popular for hosting money laundering activities and illegal drug transactions using cryptocurrencies for payment.
( 23
min )
It is never too late to start saving money you will use in retirement. However, the older you get, the more constraints may limit your options.
( 23
min )
Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.
( 24
min )
You don’t need your parents to get a student loan. Learn about private and federal student loans to see which loans you may be eligible for.
( 24
min )
You must have earned the income for it to be considered compensation for the purposes of contributing to an IRA.
( 28
min )
An assumable mortgage is a type of home financing arrangement where an outstanding mortgage and its terms are transferred from the current owner to the buyer.
( 28
min )
Find out how your earnings are taxed and learn which forms are required to report interest income.
( 27
min )
The S&P 500 climbed 0.6% on Friday, Dec. 1, 2023, as Fed Chair Jerome Powell indicated that policymakers' efforts to reduce inflation are working.
( 17
min )
Is the Federal Reserve gearing up to reverse its campaign of anti-inflation interest rate hikes? The answer depends on whether you’re asking market watchers or the officials who make decisions on monetary policy.
( 20
min )
Paramount Global and Apple shares rose following a report the companies discussed bundling their streaming services at a lower cost.
( 17
min )
A bank failure is the closing of an insolvent bank by a federal or state regulator. Learn what causes a bank failure, which banks have failed, and what happens to your money if your bank fails.
( 24
min )
DQ, SEDG, and FSLR are the top solar stocks for value, growth, and momentum, respectively
( 21
min )
Monthly tracking report for credit card interest rates from Investopedia's database of more than 300 cards showed the overall median available rate remained unchanged. These are the current rates as of Dec. 2023.
( 25
min )
UiPath Inc. stock has more than doubled year-to-date after a third-quarter earnings release that included revenue and annual recurring revenue each surging 24% year-over-year.
( 19
min )
These are the best dividend stocks for December 2023 based on yield.
( 20
min )
Ulta Beauty shares jumped after the beauty retailer reported better-than-expected results for the third quarter and boosted its outlook for the year.
( 19
min )
Tesla's delivery event for the Cybertruck has failed to spur gains in the stock, but analysts remain bullish.
( 19
min )
Use Form 941 to report employment taxes on your business.
( 25
min )
A taxpayer can claim depreciation as an expense on their tax return to compensate for the loss in the value of the tangible asset.
( 22
min )
The Internal Revenue Service publishes the IRS Publication 334: Tax Guide for Small Business as a reference for sole proprietors and statutory employees.
( 22
min )
The tax-equivalent yield is the pretax yield that a taxable bond needs to possess for its yield to be equal to that of a tax-free municipal bond.
( 24
min )
A charging order is a lien on the distributions of a limited partnership (LP) or limited liability corporation (LLC) so a creditor can recoup money owed.
( 24
min )
Corporate tax rates differ widely around the world, with the global average being 23.37%. Here are the countries with the highest and lowest taxes—or no taxes at all.
( 24
min )
The discounted after-tax cash flow method is a way of determining the value of an income-producing investment, including the impact of taxes. It is often used in real estate investing.
( 25
min )
Learn when a company is required to capitalize its interest payments. Understand the advantages and disadvantages of capitalizing interest for tax purposes.
( 23
min )
A deferred income tax is a liability on a balance sheet resulting from a difference in income recognition between tax laws and the company’s accounting methods.
( 24
min )
An accountable plan is a method for reimbursing employees for any business-related out-of-pocket expenses on a non-taxable basis.
( 23
min )
After-tax profit margin is a financial performance ratio calculated by dividing a company's net income by its net sales.
( 25
min )
Earnings before interest, taxes, depreciation, amortization, and losses (EBITDAL) is a measure of profitability that takes into account unusual losses during a particular reporting period that the company does not expect to face again going forward.
( 24
min )
Cash flow after taxes (CFAT) is a measure of financial performance that looks at a company's ability to generate cash flow through its operations.
( 24
min )
An excess profits tax is a type of tax that is assessed upon income or business profits beyond a specified amount.
( 26
min )
Best growth stocks for December 2023 include BVH, HRTX, UIS, TMDX, KOD, CDNA, ICVX, KYMR, OSCR, CTKB, TGTX, and UDMY.
( 22
min )
Profit before tax is a measure that looks at a company's profits before the company has to pay income tax.
( 25
min )
A consolidated tax return is a single income tax return filed by an affiliated group of corporations that combines their tax liability.
( 24
min )
A statutory employee is an independent contractor that is treated as an employee for tax withholding purposes if they meet certain conditions.
( 25
min )
Learn the difference between amortization and depreciation and how companies use these accounting methods to their advantage when declaring asset values.
( 30
min )
The tax advantages of a 401(k) retirement plan explained, including how contributing to a plan can help create a bigger nest egg in the long run.
( 26
min )
Learn why Florida's tax laws make it an attractive place to start a small business, and understand the types of taxes a small business owner must pay there.
( 26
min )
Learn the best method for calculating depreciation for tax reporting purposes according to generally accepted accounting principles, or GAAP.
( 24
min )
After-tax return on assets is a financial ratio that shows the percentage of after-tax income generated by a company's investment in assets.
( 23
min )
Tangible personal property is a tax term describing personal property that can be physically relocated, such as furniture and office equipment.
( 24
min )
Learn how spinoffs of subsidiaries from a parent company are typically done, and what determines whether a spinoff is taxable or tax-free.
( 24
min )
The pretax profit margin is a financial accounting tool used to measure the operating efficiency of a company before deducting taxes.
( 24
min )
Marvell Technology shares fell after the chip maker's forecast for fourth-quarter revenue came in lower than expected, despite better-than-expected revenues for the third quarter amid a "weak environment."
( 18
min )
A controlled foreign corporation is a corporate entity that is registered and does business in a different country than the residency of the controlling owners.
( 23
min )
Most corporations cannot legally deduct dividend payments before taxes. But there are exceptions.
( 23
min )
SNDL is the top cannabis stock for value, growth, and performance.
( 20
min )
The Employee Retention Credit (ERC) expired for most businesses on Sept. 30, 2021, but employers who didn't claim it at the time may still be able to do so for a limited period.
( 30
min )
GAAP is a set of generally accepted accounting principles widely used in the U.S. for financial reporting by corporations and government entities.
( 29
min )
The 30-year mortgage rate average edged modestly higher, but is still just a few points away from its cheapest level since Sept. 1. Movement was mildly up for most loan types.
( 19
min )
Dell Technologies shares fell from all-time highs Friday as the PC maker's third-quarter earnings showed it continues to face softness in the consumer and business PC market.
( 17
min )
U.S. equities were up at midday on Friday, Dec. 1, 2023 following comments from Fed Chair Powell that the Fed's tight monetary policy is working to bring down inflation.
( 17
min )
Incremental analysis is a decision-making tool used in business to determine the true cost difference between alternatives and, thus, the most profitable choice.
( 22
min )
Pfizer shares lost ground after ending a study of a twice-a-day weight-loss pill because of negative side effects.
( 17
min )
Running your own business poses risk. Knowing where you can save money is crucial, and there are a number of tax breaks that can help you do just that.
( 37
min )
The federal poverty level is an economic measure used to decide whether an individual or family qualifies for federal benefits and programs.
( 23
min )
Learn about five basic option strategies for beginners.
( 35
min )
Apple, Microsoft, and Amazon are the S&P 500's top-weighted stocks
( 22
min )
In economics, the law of diminishing marginal utility states that the marginal utility of a good or service declines as its supply increases.
( 27
min )
Bitcoin, the first and most popular cryptocurrency, is finite. What happens when it reaches its total maximum supply of 21 million bitcoins?
( 25
min )
Internalization refers to handling a project or process in-house instead of directing it to an outside source to complete. Internalized trading is one example.
( 22
min )
The Black-Litterman model is a tool used by portfolio managers to match investor risk tolerance with expected outcomes.
( 24
min )
Top stocks for December 2023 based on value, growth, and performance include AMPY, MAR, and OLMA.
( 21
min )
Learn the meaning of the terms "money flow" and "real flow." Find out how they relate to each other in the circular flow of income economic model.
( 24
min )
Top defense stocks for the fourth quarter based on value, growth, and performance include BDRBF, LMT, and RYCEF.
( 21
min )
Hex describes itself as a high-interest blockchain certificate of deposit. Users are rewarded for waiting to sell their HEX after set periods of time.
( 24
min )
If you are employed in the public sector or work for a non-profit, you may have access to one or both of these retirement savings plans.
( 29
min )
Tesla shares were trading lower after the launch of its Cybertruck showed its price tag was higher than originally anticipated and Fed Chair Jerome Powell will join other Federal Reserve officials in delivering remarks today. Here’s what investors need to know today.
( 19
min )
Find out about the rule of 70, what it is used for, and how to use it to determine the number of years a country's GDP takes to double.
( 24
min )
Many utilities in the U.S. are monopolistic markets. A monopoly exists if only one company can supply an essential product or service in a given region.
( 28
min )
A breakdown of tariffs and how they affect consumers as well as the larger economy.
( 32
min )
Find out how an economy forms and why it grows, including the role that financial markets play and how productivity increases from savings and investment.
( 27
min )
If your employer doesn't withhold payroll taxes, you'll need to estimate the amount you owe and file quarterly tax returns.
( 23
min )
If you are no longer working with the employer that established your 403(b) account, you can roll over your 403(b) balance into a traditional IRA.
( 23
min )
Using exchange-traded funds (ETFs) to harvest tax losses can be a smart way to maximize your portfolio's tax efficiency.
( 26
min )
Analysts weigh in on General Motors, Shopify, Phllips 66, Ulta Beauty, RBC Bearings, and Chevron.
( 28
min )
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The top nationwide savings account pays 5.40%, and the best CD is offering 5.88%. So what’s the catch on this checking account that’s paying well over 7%?
( 20
min )
Uber Technologies, Jabil, and Builders FirstSource will join the S&P 500 index prior to the opening of trading on Dec. 18, according to S&P Dow Jones Indices, which oversees the index.
( 24
min )
The tech rally looks likely to continue but eventually the gains will have to spread beyond the “Magnificent Seven.” IBM, HP Inc., Cisco, and SoftBank could benefit.
( 31
min )
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You must have earned the income for it to be considered compensation for the purposes of contributing to an IRA.
( 28
min )
Robust gains in stocks such as Roku, Crispr Therapeutics, and Coinbase Global helped drive the performance of Cathie Wood’s ARK Innovation in November.
( 28
min )
The SEC is suing crypto firm DEBT Box for allegedly defrauding investors out of nearly $50 million.
( 35
min )
The company has suffered from the attrition of some TD Ameritrade customers and falling deposits. Those woes may soon be behind it, according to two analysts.
( 23
min )
Gold finished Friday at a record high, boosted by sliding interest rates, central bank purchases and war.
Front-month futures on the precious metal rose 1.6% Friday and settled at $2,071 a troy ounce, their highest settlement since August 6, 2020, when they closed at $2,051.50. Gold has gained 13.8
( 24
min )
Chet Kapoor, who once described himself as "the guy who got coffee for the guy that made coffee," is now a pivotal figure in the technology landscape. He has advice for others who want to follow in his path. He suggests interning but offering to pay to work for admirable people. Once an intern for Steve Jobs, Kapoor shared insights with Fortune on his journey from a young dreamer to a highly successful entrepreneur. Don’t Miss: Funders on this alternative asset platform are earning more than 14%
( 35
min )
Retail giant joins other big advertisers that are distancing themselves from X following Musk's support for an antisemitic post.
( 34
min )
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UiPath Inc. stock has more than doubled year-to-date after a third-quarter earnings release that included revenue and annual recurring revenue each surging 24% year-over-year.
( 18
min )
Vanguard's Total Bond Market ETF, the largest bond ETF, now has $100 billion in assets.
( 22
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These are the best dividend stocks for December 2023 based on yield.
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Tesla's delivery event for the Cybertruck has failed to spur gains in the stock, but analysts remain bullish.
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Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
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Bristol Myers Squibb CEO Chris Boerner just bought $150,000 of Bristol Myers’s shares. It’s his first open-market purchase of the stock.
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After a favorable trading session on Nov. 28, American telecom giant Verizon Communications Inc. (NYSE:VZ) closed at $37.50 with a market cap of $157.65 billion. The 52-week range of Verizon's stock price was $30.135 to $44.73. Verizon's dividend yield is 7.24%. It paid $8.2 billion in dividends during the nine months from January to September — $100 million higher than the same period last year, according to the company's 10-Q filing on Oct. 26, Investment advisers Mairs & Power highlighted bul
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In an October episode of the "The Ramsey Show", a caller from Washington D.C., highlighted a common financial challenge faced in urban areas. Earning around $90,000 annually and with significant savings, the caller was spending about $2,000 a month on rent in downtown D.C. Despite this considerable expense, they managed to save and minimize other costs. Show host Dave Ramsey responded, emphasizing his financial guidelines. “We tell folks to put 25% of their take-home pay aside for housing, and n
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SNDL is the top cannabis stock for value, growth, and performance.
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(Bloomberg) -- Copper advanced to the highest level in almost four months after comments by Federal Reserve Chair Jerome Powell and the looming shutdown of a large mine in Panama emboldened bulls.Most Read from BloombergExxon Among 50 Oil Producers in Controversial Climate Pact at COP28Putin Seizes Rights to St. Petersburg Airport From Foreign InvestorsWoman Discovers Over $86 Million Mistakenly Deposited in Her Bank AccountBanking Escapees Make Billions From Private Credit BoomIsrael Says Hamas
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(Bloomberg) -- Equitrans Midstream Corp. is in the early stages of exploring a potential sale, people familiar with the matter said, potentially adding to a flurry of pipeline deals in North America. Most Read from BloombergPutin Seizes Rights to St. Petersburg Airport From Foreign InvestorsIsrael Says Hamas Violated Terms of Cease-Fire as Truce LapsesBanking Escapees Make Billions From Private Credit BoomBonds Up as Powell Pushback Lasts ‘A Few Seconds’: Markets WrapSantos Expelled From Congres
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Will Berkshire Hathaway help fund a potential bid by Occidental Petroleum for CrownRock, a privately held energy company?
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J&J shares have fallen this year, thanks to an ongoing legal situation, but UBS says those worries are factored into the stock.
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The rally of the past month has taken away much of bonds’ allure. Fixed-income investors should look off the beaten track.
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(Bloomberg) -- A startup specializing in high-performance batteries is close to starting operations at a facility near Chicago’s central business district that will help power devices such as night-vision headsets and radios for the US military. Most Read from BloombergExxon Among 50 Oil Producers in Controversial Climate Pact at COP28Putin Seizes Rights to St. Petersburg Airport From Foreign InvestorsWoman Discovers Over $86 Million Mistakenly Deposited in Her Bank AccountBanking Escapees Make
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Adam D’Angelo, Quora’s chief executive, is the only director remaining on the new board of OpenAI.
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Shares were up more than 20% in early trading Friday.
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I am selling my house and the price is $504,999. After paying off this house I will net $400,000. Do I have to pay a capital gains tax as I’m planning to pay off my retirement home with the money I netted? – Thomas The answer is solidly "it depends," both in terms of whether […] The post AAA: I’m Selling My House and Netting $400k to ‘Pay Off My Retirement Home.’ Do I Have to Pay Capital Gains Tax? appeared first on SmartReads by SmartAsset.
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Plus, 24 stocks that tend to outperform this time of year
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Cell-tower REITs saw their valuations cut nearly in half this year by the end of October. That dynamic has flipped.
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Investors tend to flock to gold during periods of global turbulence, while lower yields also make it more attractive. But there’s a better way to play it.
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Pfizer was a darling stock during the pandemic thanks to its life-saving Covid-19 vaccine. But the company's shares have been in sharp decline this year.
Things got worse Friday when the company said a trial of a twice-a-day weight loss pill showed too many side effects. Its shares fell 6% in morni
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Top stocks for December 2023 based on value, growth, and performance include AMPY, MAR, and OLMA.
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Pepsi’s growth appears ready to accelerate as investments made over the past five years start to pay off.
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Software firm PagerDuty reported fiscal-third-quarter numbers that topped estimates.
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PDD, the owner of Pinduoduo and Temu, surpasses Alibaba as the most valuable Chinese e-commerce company.
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Dell Technologies posted mixed financial results for its latest quarter, with strong profits offset by softer-than-expected revenue and continued weakness in corporate PC demand.
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Nvidia is the clear beneficiary from the AI buildout but Super Micro Computer and Vertiv Holdings should equally benefit in the year ahead.
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Top defense stocks for the fourth quarter based on value, growth, and performance include BDRBF, LMT, and RYCEF.
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Stifel analyst Bert Subin launches coverage of Boeing stock with a Buy rating and price target of $265 a share, about 14% higher than recent levels.
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UiPath stock was surging early Friday as analysts said its latest earnings were showing it is delivering despite a tough macroeconomic background. However, the automation-software company still hasn’t fully convinced Wall Street that it can accelerate growth.
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Electric-vehicle startup Fisker again cut its production forecast for the year, saying it is prioritizing liquidity while it holds talks to sell emission credits to automakers.
Shares rose 3% to $1.63 in premarket trading. Before the updated outlook, the stock had fallen 78% in 2023 as the company
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(Bloomberg) -- Bank of Montreal missed analysts’ earnings estimates as the company reported higher expenses related to the integration of Bank of the West and a drop in wealth-management income.Most Read from BloombergTesla’s Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025Banking Escapees Make Billions From Private Credit BoomThese Are the World's Most Expensive Cities to Live In Right NowSaudi Arabia Offers Iran Investment to Blunt Gaza WarIsrael Says Hamas Violated Terms of Ceas
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An announcement of the addition of Uber Technologies to the S&P 500 index could come Friday in conjunction with the quarterly index rebalancing.
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Alibaba's U.S. shares slipped 1.5% to $73.7 in premarket trading, tracking a fresh one-year low. Meanwhile, shares of PDD Holdings have surged following stellar quarterly results from the Temu parent this week.
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It's common for even very high earners to feel squeezed, especially if you live in an expensive area like New York, San Francisco or Boston. Costs of living close to your job will almost certainly be high, particularly since you're competing with other six-figure earners. Depending on your field, you could easily have $200,000 or […] The post I Made $400k Last Year and Have $600k in Retirement Savings, But My Spouse Doesn’t Work. How Can I Save More for Retirement? appeared first on SmartReads b
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'We believe an improved once-daily formulation of danuglipron could play an important role in the obesity treatment paradigm,' Pfizer said.
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Fisker expects to make 10,000 Ocean SUVs in 2023, down from guidance given in November of 13,000 to 17,000 units.
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Shares of the EV maker, which has been struggling with a cash crunch, rose 7% in premarket. "Fisker has made a strategic decision to reduce December production to prioritize liquidity to unlock over $300 million of working capital," the company said. Fisker cut its production target for the year to just over 10,000 units, compared with its earlier forecast of 13,000 to 17,000.
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At 67, you’re presumably at or near retirement. If you have $1 million in IRAs, it may be attractive to converting to a Roth because it can provide tax-free income in retirement. It's not too late from legal or regulatory perspectives. The IRS does not restrict Roth conversions on the basis of age or income. […] The post We’re 67 Years Old With $1 Million in IRAs. Is It Too Late to Convert to a Roth? appeared first on SmartReads by SmartAsset.
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Having scrapped the cash payout amid Covid-19, Disney announces Thursday a dividend of 30 cents a share.
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(Bloomberg) -- A Bank of America Corp. strategist who correctly predicted this year’s rebound in the widely-followed 60/40 portfolio strategy has warned that the trade could now be set for a sharp reversal. Most Read from BloombergBanking Escapees Make Billions From Private Credit BoomTesla’s Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025These Are the World's Most Expensive Cities to Live In Right NowSaudi Arabia Offers Iran Investment to Blunt Gaza WarBiggest Blowout in Bonds Si
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(Bloomberg) -- After years of development delays and manufacturing snags, Tesla Inc. finally handed over its first Blade Runner-esque Cybertrucks to customers.Most Read from BloombergBanking Escapees Make Billions From Private Credit BoomTesla’s Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025These Are the World's Most Expensive Cities to Live In Right NowSaudi Arabia Offers Iran Investment to Blunt Gaza WarBiggest Blowout in Bonds Since the 1980s Sparks Everything RallyChief Execu
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(Bloomberg) -- After two years of delays and production snags, Tesla Inc. has finally handed the first Blade Runner-esque Cybertrucks over to customers.Most Read from BloombergBanking Escapees Make Billions From Private Credit BoomTesla’s Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025These Are the World's Most Expensive Cities to Live In Right NowSaudi Arabia Offers Iran Investment to Blunt Gaza WarBiggest Blowout in Bonds Since the 1980s Sparks Everything RallyChief Executive Of
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Analysts remain confident Marvell will gain from investments in artificial intelligence.
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Japan's Toyota Motor is partially suspending production at its plant in Tianjin, China, the Jiji news service reported on Friday, as global automakers face strong sales competition in the world's top auto market. The suspension is part of a major production adjustment in response to weak sales of gasoline-engine cars, Jiji said. A spokesperson for Toyota China did not immediately comment on the report.
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Climate change could make your winter heating bills more unpredictable, particularly if you live at the end of long and vulnerable fuel supply chains.
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Goldman Sachs analysts still expect prices to range between $80 to $100 a barrel next year.
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The balance of power is shifting in Chinese e-commerce.
With a market value at Thursday's close of nearly $196 billion, PDD Holdings has overtaken its far-longer established rival Alibaba, which was worth $8.7 billion less. (Tencent, the gaming and social-media giant that is also an important rival
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Tesla hands over the first batch of Cybertrucks to buyers, Dell posts a revenue miss on weak demand, and shares of Samsara and Elastic surge as earnings at both tech companies top analysts' estimates.
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With brands such as Rust-Oleum, DAP, Varathane, and Plastic Wood, Ohio-based RPM International has a decades-long record of growth, fueled by acquisitions and a steady march to higher profits.
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(Bloomberg) -- Shares in Asia slipped Friday after the MSCI All Country World Index finished November with its third-largest monthly gain in the past decade. The dollar edged lower.Most Read from BloombergBanking Escapees Make Billions From Private Credit BoomTesla’s Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025These Are the World's Most Expensive Cities to Live In Right NowSaudi Arabia Offers Iran Investment to Blunt Gaza WarBiggest Blowout in Bonds Since the 1980s Sparks Every
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Lead independent director Theodore R. Samuels paid $423,400 for Bristol Myers stock on a day that saw it drop to a multiyear low.
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Tech company MicroStrategy has expanded its Bitcoin (BTC) holdings to a total of 174,530 BTC, valued at about $6.65 billion.
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For quality stocks to outperform in the long run they have to be underpriced. That’s the hard part.
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The forecast interest-rate cuts would bring the effective Federal Funds rate to about 3.83% at the end of 2024.
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The housing market was tough this year, but economists say 2024 could see more homes for sale and easing conditions for buyers.
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(Bloomberg) -- Alibaba Group Holding Ltd. received a rare downgrade from Wall Street on the same day it lost its crown as China’s most valuable e-commerce firm to one of its main rivals.Most Read from BloombergBanking Escapees Make Billions From Private Credit BoomTesla’s Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025Saudi Arabia Offers Iran Investment to Blunt Gaza WarThese Are the World's Most Expensive Cities to Live In Right NowBiggest Blowout in Bonds Since the 1980s Sparks
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Rockstar geeft op 5 december de eerste beelden vrij van het nieuwe deel in de Grand Theft Auto-serie. Dat meldt de Amerikaanse gameontwikkelaar op zijn eigen website.
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Rockstar geeft op 5 december de eerste beelden vrij van het nieuwe deel in de Grand Theft Auto-serie. Dat meldt de ontwikkelaar op de eigen website.
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De Mars-fabriek in het Brabantse Veghel heeft onvoldoende productiecapaciteit om genoeg Bounty-repen te maken. Daardoor zijn in sommige winkels en supermarkten lege schappen ontstaan, ook buiten Nederland. Dat komt door het wegvallen van Russische fabrieken.
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De aardappeloogst in het Verenigd Koninkrijk is zodanig in het water gevallen dat er mogelijk niet genoeg aardappelen zijn voor alle Britse kerstdiners. Na de regen en overstromingen moeten supermarkten hun aardappelen waarschijnlijk buiten de landsgrenzen inslaan.
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Onderhandelingen tussen werkgevers en vakbonden hebben flinke loonsverhogingen opgeleverd voor horecapersoneel en medewerkers van tankstations. Sommige jongeren die op een tankstation werken, kunnen er wel 46 procent op vooruitgaan.
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Speelgoedbanken door het hele land zien dit jaar in de aanloop naar Sinterklaas en Kerst meer mensen dan voorgaande jaren.
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Wereldleiders moeten de klimaatbeloftes die ze al jaren doen nu echt gaan waarmaken. Dat was de hoofdboodschap die demissionair minister-president Mark Rutte vrijdag uitsprak op de klimaattop in Dubai.
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De maximale prijs die energieleveranciers mogen vragen aan klanten van warmtenetten gaat hard omlaag. Het tarief is iets meer dan de helft van dat van vorig jaar.
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Scheepsbouwer Damen Shipyards gaat voor het eerst met een schip varen dat op zee kan opladen aan een windmolen. Volgens het bedrijf zorgt het schip voor een aanzienlijk lagere uitstoot tijdens het onderhoud van windparken op zee.
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Een directeur van een hr-bedrijf in Maleisië kreeg in november miljoenen op haar rekening gestort door een fout van de Maybank. De bankwerknemers gingen volgens de vrouw zo onprofessioneel met de situatie om, dat ze het personeel een cursusje klantvriendelijk cadeau wil doen.
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Snoepgoed voor Pakjesavond is in de winkel fors duurder dan vorig jaar. Voor kruidnoten met of zonder chocolade, speculaas en chocoladeletters betaal je bij Albert Heijn en Jumbo ongeveer een kwart meer dan in 2022.
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De koers van de bitcoin nadert de 40.000 dollar (omgerekend zo'n 36.750 euro). Beleggers lijken weer vertrouwen te krijgen in de cryptomunt. De koers is dit jaar al met 130 procent gestegen.
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Grote olieproducerende landen hebben afgesproken dat ze vanaf begin volgend jaar minder olie oppompen. Hiermee willen ze ervoor zorgen dat de olieprijs niet te ver zakt.
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Streamingdienst Viaplay geeft nieuwe aandelen uit en is een deel van zijn schulden kwijt. Daarover heeft het bedrijf, dat in Nederland bekend is van de Formule 1, een akkoord bereikt met schuldeisers en aandeelhouders.
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Signify snijdt fors in de organisatie en daarbij gaan banen verloren. Het verlichtingsbedrijf wil jaarlijks meer dan 200 miljoen euro besparen. Hoeveel banen er precies verdwijnen, is nog niet bekend.
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Signify snijdt fors in de organisatie en daarbij gaan banen verloren. Het verlichtingsbedrijf wil jaarlijks meer dan 200 miljoen euro besparen. Hoeveel banen er precies verdwijnen, is nog niet bekend.
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Veertig olie- en gasbedrijven zijn niet duurzaam genoeg en daarom niet meer geschikt om in te beleggen, vindt Pensioenfonds Metaal en Techniek. Het gaat wel door met investeren in negen andere fossiele bedrijven, waaronder Shell en BP.
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Veertig olie- en gasbedrijven zijn niet duurzaam genoeg en daarom niet meer geschikt om in te beleggen, vindt Pensioenfonds Metaal en Techniek (PMT). Het gaat wel door met investeren in negen andere fossiele bedrijven, waaronder Shell en BP.
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De lonen in nieuwe cao's zijn in november met 6,9 procent gestegen. Dat is historisch gezien nog steeds erg hoog, maar bedrijven zijn wel iets voorzichtiger vanwege de economische onzekerheid in ons land.
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De lonen in nieuwe cao's zijn in november met 6,9 procent gestegen. Dat is historisch gezien nog steeds erg hoog, maar bedrijven zijn wel iets voorzichtiger vanwege de economische onzekerheid in ons land.
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Today's best CD rates are 6.00% from Securityplus Federal Credit Union, 5.88% from West Town Bank & Trust, and 5.80% from Seattle Bank. A 5.85% jumbo rate is also available.
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Company equity, which is also commony referred to as shareholders' equity, is the net difference between a company's total assets and total liabilities.
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The Genesis Block is what the Bitcoin community calls the first block created for the Bitcoin blockchain. It contained a message and the first transaction.
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Electric vehicle pioneer Tesla has delivered its first Cybertrucks to customers after a two-year production delay.
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Learn about trading desks at an investment bank. Gain an understanding of how and why these trading desks are split among the four main market sectors.
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The S&P 500 was up 0.4% on Thursday, Nov. 30, 2023, and the Dow hit a 2023 high, as U.S. markets closed out the month amid positive inflation news.
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The Morningstar Sustainability Rating assesses the environmental, social, and corporate governance impact of companies held by mutual funds and exchange-traded funds.
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Short-term bonds typically yield higher interest rates than money market funds, so the potential to earn more income over time is greater. But they come with some risk.
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With Berkshire Hathaway leading the pack, these are the 10 biggest insurance companies by revenue.
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Hewlett Packard Enterprise and Nvidia are extending their collaboration to boost HPE's artificial intelligence offerings.
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Since its introduction in November 2022, ChatGPT has become the dominant name in chatbot technology. As it evolves, some see promise, others see peril, many see profit.
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The Kelly Criterion is one of the many allocation techniques that can be used to manage money effectively. It helps to limit losses and maximize gains.
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Donald Trump's real net worth remains a mystery, but recently published estimates put it at about $3 billion.
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Despite short selling's legal status and its apparent market benefits, many policymakers, regulators, and the public remain suspicious of the practice.
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Personal consumption expenditures is a measure of consumer spending and includes all goods and services bought by U.S. households. Learn more about PCE and how it's used.
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A mining pool is a group of cryptocurrency miners who combine their computational resources over a network.
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Discover how a strategy of using LEAPS can reduce your downside risk in a covered call write.
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Stocks trading on the OTC Pink Open Market include many good companies waiting to be discovered. Find out more about the OTC's three markets.
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OTC Pink is the lowest tier of the three marketplaces for trading over-the-counter stocks provided and operated by the OTC Markets Group.
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Fewer homebuyers than ever signed contracts to buy homes in October, by one measure, and the reason was simple—hardly anyone could afford mortgages at sky-high rates.
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Learn about some of the leveraged exchange-traded funds (ETFs) that investors can use to track the banking industry within the financial sector.
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Dividends are taxed differently, depending on whether they are qualified or ordinary.
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U.S. stock-trading platform Robinhood will try for a third time to offer accounts in the U.K., with a full rollout planned for early 2024.
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A food-focused ETF is an exchange-traded fund investing in companies that provide food, beverage, and consumer staples.
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Rates on 30-year mortgages—both standard and jumbo—dropped to their lowest point since Sept. 1, and 15-year rates are down to August levels. Other averages also saw big declines.
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Indication of Interest is an underwriting expression showing a conditional, non-binding interest in buying a security currently in registration.
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Snowflake shares rose after reporting a broadly stabilizing macro environment helped the company post better-than-expected results.
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AbbVie is buying rival biotech firm ImmunoGen for $10.1 billion, giving it access to ImmunoGen's flagship ovarian cancer treatment.
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Active trading is quite different from casual investing and you might need more capital than you think.
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A restructuring charge is a one-time cost that a company pays when it reorganizes its organization. It reflects expenses associated with the goal of improving profits.
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How to avoid tax penalties when using your 401(k) before retirement, by taking a hardship distribution or a loan from your plan.
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Explore the key differences between ETFs and investment trusts, how each is structured, and the notable advantages and disadvantages between the two.
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The United Auto Workers union initiated campaigns to organize at 13 major auto manufacturers in the U.S., including Tesla.
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A financial plan is a document detailing a person’s current money situation and long-term monetary goals, as well as strategies to achieve them.
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Through Lending Club’s high-yield savings accounts, you can earn a higher-than-average APY with no monthly service fees. All you need to get started is $100.
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The first currency quoted in a currency pair on forex. It is also typically considered the domestic currency or accounting currency.
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Consumers got more bang for their buck in October as incomes and spending both rose, and prices stayed flat—an encouraging sign in the Federal Reserve’s fight against inflation.
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Selecting a qualified crypto custodian is crucial for securing and protecting your digital assets.
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Ford shares fell after the company reinstated its 2023 guidance, which it previously withdrew during the United Auto Workers union strike.
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Tax settlement firms claim they can reduce or even eliminate the amount you owe to the IRS. Find out the facts behind this alluring fiction.
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A command economy is controlled by a government while a mixed economy is driven in large part by the private sector, with some government control and intervention.
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I refinanced my primary mortgage in 2020 when interest rates dropped, and used some of the savings to buy four rental properties by the end of 2021.
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A 501(c)(3) organization is a tax-exempt nonprofit organization subject to many IRS rules. Learn the requirements, costs, and pros and cons of setting up a 501(c)(3).
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Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period.
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A Schedule F form is used to report the income and expenses of a farm. The form is used to calculate the profits or losses from farming operations.
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Using an IRA account to buy real estate is not for those who lack the time and expertise to manage such an investment.
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Rental property ownership has its benefits, but selling can create a big tax hit. Thankfully, there are ways to reduce capital gains exposure.
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Correlation coefficients of greater than, less than, and equal to zero indicate positive, negative, and no relationship between the two variables.
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GDP per capita is a metric that breaks down a country's GDP per person and is calculated by dividing the GDP of a country by its population.
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Gross domestic product is one of the primary indicators used to gauge the health of a country's economy. But what does it actually measure?
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An attorney for the billionaire Haslam family called bribery allegations leveled by Warren Buffett's company a “wild invention” Thursday. The Haslams and Buffett's company are accusing each other of manipulating Pilot's earnings this year to affect the price Berkshire would have to pay for the Haslams' remaining 20% stake in the company if the family decides to sell. The Haslam family — which includes Cleveland Browns owner Jimmy Haslam and former Tennessee governor Bill Haslam — accused Berkshire last month of trying to understate Pilot’s earnings this year by changing its accounting practices.
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(Bloomberg) -- Broadcom Inc. plans to fire almost 1,300 VMware Inc. employees in California following the completion of a $61 billion acquisition that pushed the chipmaker deeper into the software industry.Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarThese Are the World's Most Expensive Cities to Live In Right NowBanking Escapees Make Billions From Private Credit BoomBiggest Blowout in Bonds Since the 1980s Sparks Everything RallyTesla’s Cheapest Cybertruck Will C
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A Wells Fargo & Co employee filed a lawsuit on Thursday accusing the bank of depriving hundreds of its U.S. branch workers of overtime pay, as the bank faces an unprecedented campaign to unionize its workforce. The proposed class action filed in San Francisco federal court claims Wells Fargo improperly classified "senior premier bankers" as management-level employees who are exempt from overtime pay under federal and state laws. The lawsuit was filed by Sabrina Perez, an employee at a Wells Fargo branch in Albuquerque, New Mexico, where workers recently filed a petition to hold a union election.
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For the fiscal third quarter, UiPath reported revenue of $326 million, up 24% from a year earlier.
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Electric vehicle pioneer Tesla has delivered its first Cybertrucks to customers after a two-year production delay.
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(Bloomberg) -- A 62% rally in Coinbase Global Inc. shares this month is shining a spotlight on Wall Street euphoria around the largest US crypto exchange. Most Read from BloombergBanking Escapees Make Billions From Private Credit BoomTesla’s Cheapest Cybertruck Will Cost $60,990 and Be Available in 2025These Are the World's Most Expensive Cities to Live In Right NowSaudi Arabia Offers Iran Investment to Blunt Gaza WarBiggest Blowout in Bonds Since the 1980s Sparks Everything RallyIn the shadow o
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The layoffs were his "worst day on the job," but necessary to address the “generational disruption” in the industry, Zaslav said.
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Investors tend to flock to gold during periods of global turbulence, while lower yields also make it more attractive. But there’s a better way to play it.
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(Bloomberg) -- Occidental Petroleum Corp.’s private jet touched down in Omaha this week, home to its biggest investor Warren Buffett, as Chief Executive Officer Vicki Hollub considers a shale oil deal worth at least $10 billion. Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarThese Are the World's Most Expensive Cities to Live In Right NowBiggest Blowout in Bonds Since the 1980s Sparks Everything RallyKissinger, Diplomat Who Defined US Foreign Policy, Dies at 100Bank
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(Bloomberg) -- A bond exchange-traded fund crossed $100 billion for the first time since such products launched over two decades ago.Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarThese Are the World's Most Expensive Cities to Live In Right NowBiggest Blowout in Bonds Since the 1980s Sparks Everything RallyKissinger, Diplomat Who Defined US Foreign Policy, Dies at 100Banking Escapees Make Billions From Private Credit BoomA $14 million inflow Wednesday pushed assets
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The Tesla CEO just took his praise of China's electric-vehicle makers up a notch.
( 35
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Tesla was added to the S&P 500 nearly three years ago, taking the place of real estate investment trust Apartment Investment & Management in the index.
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Rates on 30-year mortgages—both standard and jumbo—dropped to their lowest point since Sept. 1, and 15-year rates are down to August levels. Other averages also saw big declines.
( 21
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Freight Farms merging with blank-check company Agrinam Acquisition Corp. (TSX: AGRI.U) AgTech startup provides hydroponic farming solutions, with over 600 farms in operation across 40 countries Has largest network of […]
( 36
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The tech industry experienced a surge that is expected to continue booming with artificial intelligence (AI) advancement. But some sectors also recorded poor returns. DISH Network Corp. has been the biggest loser so far in 2023 with a 54% drop in revenue, 3% shy of its 2022 results. Companies like The Home Depot Inc. registered low sales of big-ticket items as consumers focused on small projects. There was a time when having shares in TV networks was a big deal. But that changed with all wireles
( 36
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Legendary investor Warren Buffett has achieved astounding returns throughout his career. From 1964 to 2022, his company Berkshire Hathaway Inc. (NYSE:BRK) delivered an overall gain of 3,787,464%, dwarfing the S&P 500's 24,708% return during the same period. Other than picking stocks that skyrocketed in value, Buffett also collects dividends — a lot of dividends. Buffett famously said, "If you don't find a way to make money while you sleep, you will work until you die." Don't Miss: Elon Musk has
( 35
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Apple Inc. (NASDAQ:AAPL), the largest company in the world in terms of market cap, is expected to witness a slowdown in sales in the near term as the world braces for an economic slowdown. The stock plunged by 45 basis points over the past five days, reflecting jitters among investors regarding the company's near-term prospects. The company's revenue has declined for four consecutive quarters as of Sept. 30, reflecting the longest sales slowdown in the two decades since 2001. Increasing headwind
( 36
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AbbVie is buying rival biotech firm ImmunoGen for $10.1 billion, giving it access to ImmunoGen's flagship ovarian cancer treatment.
( 19
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Big Lots expects fourth-quarter operating results to improve from a year earlier, which would mark the first quarterly year-over-year improvement in about three years.
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Snap upgraded, Okta downgraded: Wall Street's top analyst calls
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The good news for investors: There are steps to mitigate the damage now and avoid it in the future.
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Big pharma’s $10.1 billion deal splash is giving biotech stocks a lift.
AbbVie, which sells widely-used drugs like Humira and Skyrizi, said Thursday it plans to buy cancer drug dev
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Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased 0.2% last month after an unrevised 0.7% gain in September, the Commerce Department's Bureau of Economic Analysis said on Thursday. The moderation in consumer spending followed a brisk growth pace in the third quarter and reflects the impact of higher borrowing costs and depleted excess savings among low-income households.
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Barron’s screen came up with a half dozen companies, led by Altria and Walgreens.
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November has a been a good month for the markets, with solid gains on the S&P 500 of 8.5%, bringing the year-to-date haul to ~19%. The question now is, where do we go from here? Don’t go anywhere, rather, stay in the stock market, appears to be the recommendation of JPMorgan’s global investment strategist Madison Faller, who points to three factors that should be supportive going forward. First, the US economy is cooling a bit, enough to ease the threat of overheating; second, the rate of inflat
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Pure Storage blamed the miss on a business model transition and the delayed fulfillment of a large customer order.
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AbbVie will acquire ImmunoGen for $31.26 a share.
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AbbVie is buying ImmunoGen in a deal valued at about $10.1 billion with the goal of speeding the pharmaceutical's entry into the commercial market for ovarian cancer. ImmunoGen Inc. has the ovarian cancer treatment Elahere. "The acquisition of ImmunoGen demonstrates our commitment to deliver on our long-term growth strategy and enables AbbVie to further diversify our oncology pipeline across solid tumors and hematologic malignancies,” AbbVie Chairman and CEO Richard Gonzalez said in a statement on Thursday.
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AbbVie has agreed to buy ImmunoGen for about $10.1 billion in a deal that speeds the biopharmaceutical company’s entry into the commercial market for ovarian cancer.
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AbbVie said on Thursday it will buy drugmaker ImmunoGen for $10.1 billion, boosting its presence in the market for cancer treatments. The drugmaker will pay $31.26 per ImmunoGen share in cash, representing a premium of 94.6% to the last closing price. This transaction is expected to close in the middle of 2024, AbbVie said.
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Ford Motor on Thursday provided 2023 financial guidance. The company now expects to earn an operating profit of between $10 billion and $10.5 billion.
( 22
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Only one out of every three corporate frauds is ever caught, finance professors write in a new accounting study, but critics claim their definition of fraud is too broad.
( 35
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(Bloomberg) -- Even Ken Griffin is a little worried. Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarKissinger, Diplomat Who Defined US Foreign Policy, Dies at 100Charlie Munger, Who Helped Buffett Build Berkshire, Dies at 99These Are the World's Most Expensive Cities to Live In Right NowBiggest Blowout in Bonds Since the 1980s Sparks Everything RallyMultimanager funds like Griffin’s Citadel have come to dominate the hedge fund industry, riding a steady run of outper
( 39
min )
Microsoft joins OpenAI board, General Motors increases dividend and stock buybacks, Cigna and Humana discuss merger, and other news to start your day.
( 41
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Net income from the business jumped 36% to C$987 million, helped by strength in corporate and investment banking, the bank said. RBC has also been shoring up liquidity at its U.S. unit, City National Bank.
( 34
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Novo Nordisk on Thursday said it sued one compounding pharmacy and refiled a lawsuit against another after finding their products claiming to contain the active ingredient for its in-demand weight-loss drug Wegovy were impure, some by as much as 33%. The Danish drugmaker said it found impurities in all the drugs tested from Wells Pharmacy and Brooksville Pharmaceuticals, both based in Florida. Novo first sued Brooksville in July, and discovered a substance called BPC-157 in samples from Wells.
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(Bloomberg) -- A pause in the war in Gaza and hopes for diplomatic progress have helped Israel’s stocks and currency hand investors the world’s best dollar-based returns in November.Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Henry Kissinger, Secretary of State in 1970s Crises, Dies at 100These Are the World's Most Expensive Cities to Live In Right NowBill Ackman Bets Fed Will Cut Interest Rates as Soo
( 34
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(Bloomberg) -- Alibaba Group Holding Ltd. is set to lose its position as China’s most valuable e-commerce firm to eight-year-old upstart PDD, a watershed moment for an internet industry that Jack Ma’s iconic firm dominated for more than a decade.Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Henry Kissinger, Secretary of State in 1970s Crises, Dies at 100Bill Ackman Bets Fed Will Cut Interest Rates as Soo
( 36
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Barron’s screen came up with a half dozen companies, led by Altria and Walgreen's.
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Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Snap, Pinterest, Hewlett Packard Enterprise, and an Outperform initiation at Ecolab. Snap (NYSE:SNAP) shares rose more than 2% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target to $16.00 from $12.00.
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Rental property ownership has its benefits, but selling can create a big tax hit. Thankfully, there are ways to reduce capital gains exposure.
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The deal could value CrownRock well above $10 billion including debt.
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There are a host of tax breaks available to retirees and older Americans, but they’re easy to miss.
( 27
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(Bloomberg) -- Two days after Sam Altman reached an agreement with OpenAI to return as its chief executive, he spent part of his Thanksgiving with Adam D’Angelo, one of the company’s board members who had fired him the week prior.Their hours-long meeting, which Altman called “really nice,” highlights D’Angelo’s unique role in a corporate drama that has captivated Silicon Valley — and the importance of their relationship in restoring some stability at the world’s best-known artificial intelligenc
( 36
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Jamie Dimon said Elon Musk is "brilliant" and has "pluses and minuses," while speaking at the DealBook conference.
( 34
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CEO Bob Iger offered more insight into Disney's decision to halt advertising on Elon Musk’s X during a DealBook Summit session Wednesday.
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In de Verenigde Staten hebben de eerste Tesla-klanten donderdag hun Cybertruck in ontvangst genomen. Het vijfde model van het Amerikaanse elektrische merk werd al in 2019 gepresenteerd, maar de levering ervan liep meerdere keren vertraging op.
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min )
Het pensioen van mensen die zijn aangesloten bij pensioenfonds ABP stijgt volgend jaar met 3 procent. Ook gaat de premie iets omlaag, laat bestuursvoorzitter Harmen van Wijnen van het grootste pensioenfonds van Nederland donderdag weten.
( 9
min )
Het aantal mensen wereldwijd met een vermogen van meer dan 1 miljard dollar (916 miljoen euro) is dit jaar opgelopen tot 2.544. Dat zijn er 7 procent meer dan vorig jaar. Daarnaast werden miljardairs het afgelopen jaar 9 procent rijker.
( 9
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Huishoudens gaan volgend jaar 7 euro per maand meer betalen voor energie door hogere kosten voor het gas- en stroomnet. Netbeheerders investeren miljarden in onderhoud en uitbreiding van de netten voor de energietransitie. Die kosten berekenen ze nu door.
( 9
min )
De VN-klimaattop in Dubai heeft donderdag op de eerste dag al een resultaat opgeleverd. Alle landen werden het eens over de opzet van een klimaatschadefonds, dat hulp moet bieden aan arme landen na klimaatrampen.
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Demissionair staatssecretaris Gunay Uslu (Cultuur en Media) vertrekt uit het kabinet en wordt topvrouw bij reisaanbieder Corendon. Het bedrijf is opgericht door haar broer Atilay Uslu.
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Het bedrijf achter de goksite BetCity moet een boete van 3 miljoen euro betalen omdat het niet genoeg doet tegen mogelijk zwart geld. Betent kreeg eerder al een waarschuwing van de Kansspelautoriteit, maar de toezichthouder vindt dat de tijd van waarschuwen nu voorbij is.
( 9
min )
De Europese Centrale Bank geeft vanaf 2026 een nieuwe serie eurobiljetten uit. Uit een enquête bleek dat inwoners van de eurolanden het liefst de thema's 'Europese cultuur' en 'vogels en rivieren' op het geld zien.
( 8
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Na Essent en Vattenfall komt ook Eneco met nieuwe tarieven voor klanten met een variabel energiecontract. De kale energieprijzen blijven in januari gelijk, maar door belastingverhogingen gaat de energierekening voor Eneco-klanten toch omhoog.
( 9
min )
Het bedrijf achter de goksite BetCity moet een boete van 3 miljoen euro betalen omdat het niet genoeg doet tegen mogelijk zwart geld. Betent kreeg eerder al een waarschuwing van de Kansspelautoriteit, maar de toezichthouder vindt dat de tijd van waarschuwen nu voorbij is.
( 9
min )
De gasprijs op handelsmarkten is vandaag gedaald naar 40,25 euro per megawattuur. Sinds begin oktober waren handelsprijzen niet zo laag. Pijnlijk is wel dat gas voor consumenten ondertussen juist duurder wordt.
( 10
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De vraag naar siervuurwerk in ons land is ondanks allerlei afsteekverboden ook dit jaar groot. Consumenten trekken zich weinig aan van de beperkende maatregelen. De vuurwerkbranche verwacht opnieuw een hoge omzet aangezien winkeliers flink hebben ingekocht.
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Beleggers zijn opgetogen over een deal die ASR heeft gesloten met claimorganisaties over de woekerpolisaffaire. De koers van het aandeel steeg donderdagochtend op de Amsterdamse beurs met 14 procent naar 42,66 euro.
( 9
min )
Demissionair staatssecretaris Gunay Uslu (Cultuur en Media) vertrekt uit het kabinet en wordt topvrouw bij luchtvaartmaatschappij Corendon, het bedrijf dat is opgericht door haar broer.
( 7
min )
Elon Musk heeft woensdagavond fel uitgehaald naar de bedrijven die zijn gestopt met adverteren op X. Diverse ondernemingen trokken hun advertenties terug nadat de excentrieke miljardair instemmend had gereageerd op antisemitische uitspraken.
( 9
min )
Mensen moeten sinds kort kiezen tussen betaalde of gratis varianten van Instagram en Facebook. Europese consumentenorganisaties noemen die keuze misleidend, oneerlijk en agressief. Ze hebben daarom een klacht ingediend tegen moederbedrijf Meta.
( 9
min )
De Nederlandse Staat gaat zijn belang in ABN AMRO verder afbouwen. Het belang in de bank wordt teruggebracht van 49,5 procent tot circa 40 procent. Dat meldt NLFI, de stichting die de overheidsbelangen in financiële instellingen beheert.
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min )
Het winkelend publiek heeft in oktober 4,7 procent meer uitgegeven dan een jaar eerder. Dat kwam uitsluitend doordat prijzen hoger waren, het aantal gekochte producten steeg niet.
( 8
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ASML-topman Peter Wennink stopt in april volgend jaar en wordt opgevolgd door de Fransman Christophe Fouquet. Dat maakt de Eindhovense chipmachinefabrikant donderdag bekend.
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Goederen en diensten zijn in november 1,6 procent duurder dan een jaar eerder. Daarmee komt geen vervolg op de dalende prijzen van vorige maand, toen er nog een min van 0,4 procent was. Dat blijkt uit voorlopige cijfers van statistiekbureau CBS.
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Vorig jaar verscheen plotseling ChatGPT, een chatbot die op basis van kunstmatige intelligentie (AI) antwoord geeft op al je vragen. Het leek een hype, maar al snel bleek dat ChatGPT het begin is van waartoe de technologie in staat is. Ondertussen rommelt het flink in het bedrijf dat ChatGPT ontwierp.
( 12
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Donderdag begint de jaarlijkse VN-klimaattop. Ditmaal komen vertegenwoordigers van bijna tweehonderd landen bijeen in Dubai om te onderhandelen over de aanpak van klimaatverandering. De toekomst van fossiele brandstoffen wordt een belangrijk agendapunt in de olierijke Verenigde Arabische Emiraten.
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The company blamed the miss on a business model transition and the delayed fulfillment of a large customer order.
( 23
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The SEC said most of the WeWork options expired before Larmore could exercise them due to a delay in issuing the press release.
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While Salesforce continues to grapple with softness in parts of the economy, the company is seeing signs of improving customer sentiment.
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The strong quarter is likely to be seen as a sign of strength for the cloud computing market.
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(Bloomberg) -- Mark Cuban has a knack for selling at the top. Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Saudi Arabia Offers Iran Investment to Limit Israel-Hamas WarBill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterMusk’s Cybertruck Is Already a Production Nightmare for TeslaBond Yields Fall on Signs Fed Is in ‘Sweet Spot’: Markets WrapTake the radio-streaming website he founded, Broadcast.com. It sold to Yahoo! Inc. for billions les
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min )
Shares of Salesforce rose in after-hours trading after the business-software company reported quarterly earnings per share ahead of Wall Street's projections.
Salesforce stock was recently up more than 6%, after rising 2.4% in the regular session. The shares were up 74% in 2023 through Wednesday's
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SoFi Technologies will shut down its crypto services by Dec. 19. Existing accounts will have the choice to migrate to the Blockchain.com platform or be closed and liquidated at that time, with a few caveats.
( 20
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Warren Buffett’s Berkshire Hathaway says the billionaire Haslam family tried to bribe at least 15 executives at the Pilot truck stop chain with millions of dollars to get them to inflate the company’s profits this year because that would force Berkshire to pay more for the Haslams’ remaining 20% stake in the company. The Berkshire claim in a counter lawsuit filed this week comes after the Haslam family — which includes Cleveland Browns owner Jimmy Haslam and former Tennessee governor Bill Haslam — accused Berkshire of trying to understate Pilot’s earnings this year by changing its accounting practices.
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The California Highway Patrol has issued a final rule requiring ELD use by intrastate drivers on and after Jan. 1, 2024. The post What you need to know about the California intrastate ELD mandate appeared first on FreightWaves.
( 34
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The Wall Street Journal says the two healthcare providers are talking about a stock-and-cash deal that could be finalized by the end of the year.
( 23
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(Bloomberg) -- Cigna Group and Humana Inc. are in talks to merge in a cash and stock deal that would create another dominant force in the health-insurance industry, according to the Wall Street Journal.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Saudi Arabia Offers Iran Investment to Limit Israel-Hamas WarBill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterMusk’s Cybertruck Is Already a Production Nightmare for TeslaOkta Says Hackers Sto
( 34
min )
Shares of Cigna dropped, and Humana's turned lower, after the Journal reported that the health-insurance companies are in talks to merge.
Cigna's shares were recently off some 4%, while Humana's also retreat
( 22
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European Commission lawyers initially opposed sending a warning to Amazon over its $1.4 billion acquisition of robot vacuum maker iRobot, three people with direct knowledge of the matter said on Wednesday. The Commission's legal service did not think a statement of objections regarding the deal was warranted, in contrast with antitrust officials handling the case, the people said. Without such a charge sheet, the deal would have been cleared unconditionally.
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Charlie Munger, a name synonymous with investment brilliance and a cornerstone in building one of the greatest fortunes in U.S. history, died Tuesday at age 99. While he may not have been a household name like his legendary partner Warren Buffett, Munger was a legend in the investment world in his own right. His approach to success was rooted in deceptively simple principles: taking simple ideas seriously, loading up on the few insights you have and maintaining a long-term investment view. This
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Rates on 30-year mortgages fell Tuesday, lowering the average to just a basis point above its recent 2-month low. Rates on most other loan types were down as well.
( 21
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A cash-and-stock deal between the health-insurance giants could be struck by year-end.
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Tesla has an event planned for Thursday. It's speeding into GM and Ford territory.
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(Bloomberg) -- Nvidia Corp. Chief Executive Officer Jensen Huang, who runs the semiconductor industry’s most valuable company, said the US is as much as 20 years away from breaking its dependence on overseas chipmaking.Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Bill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterBond Yields Fall on Signs Fed Is in ‘Sweet Spot’: Markets WrapMusk’s Cybe
( 35
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Another prediction for a drop in home prices came today. Here are the metro areas that will see the biggest declines, Realtor.com says.
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Ryan Reynolds isn’t just a superstar actor; he’s also an investor who’s turned his savvy into hundreds of millions of dollars. But here’s a twist: He dropped out of college after just 45 minutes. That’s right, the same guy who played a pivotal role in transforming Mint Mobile into a telecom titan spent less than an hour as a college student. Despite leaving Kwantlen Polytechnic University in British Columbia within less than an hour of enrolling, Reynolds’ decision did not impede his progress. H
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The concept of living off the interest and returns from a retirement account has become a focal point for many Americans. The common goal is to accumulate enough savings by their late 60s to enjoy a secure, indefinite retirement. For younger generations, the ambition often shifts toward amassing a substantial nest egg for early retirement. But reaching this milestone is not a simple task, prompting many to ponder: Is $1 million sufficient? And more importantly, is it feasible to live off the ret
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A Dividend Aristocrat is a company that has not only paid dividends to its shareholders but has also increased their amount every year for at least 25 consecutive years. Procter & Gamble Co. is one of the best examples. The company has approved a dividend increase for 67 consecutive years. It also has paid a dividend for 133 consecutive years. It doesn't matter if you have one share, 1,000 shares or 1 million shares of Procter & Gamble — you'll receive four dividend payments per year. For 2023,
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min )
My wife (62) and I (60) have $2.4 million in our Edward Jones IRA account and have no mortgage payment and our children are out of the house. Do we really need a financial advisor (at 1%) or could we go with a less expensive option like Vanguard? We don’t see any adjustment with our […] The post Ask an Advisor: We’re in Our 60s and Have $2.4 Million in an IRA. ‘Do We Really Need a Financial Advisor?’ appeared first on SmartReads by SmartAsset.
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René Benko’s Signa filed for insolvency, marking one of the most dramatic falls in the property sector in recent years.
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GameStop shares jumped 14% Wednesday morning, putting them on pace for their largest daily percentage increase since March.
The move extends another pop yesterday, bringing their two-day advance to around 30%.
The shares have been boosted in part by traders positioning for gains in the options mar
( 23
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GameStop (GME): The shares soared 15%. Bullish GameStop call options in particular are seeing renewed volume, according to Cboe Global Markets data, as traders look ahead to the videogame retailer's quarterly results next week.
[**General Motors (GM
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General Motors shares jumped after reinstating its 2023 guidance, announcing a $10 billion share buyback, and boosting its dividend 33%.
( 18
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Many of the world’s largest investment firms have launched new funds over the past couple of years aimed at acquiring or building single-family homes to use as rentals. This comes as no surprise considering that the increased cost of buying a home has forced many Americans into being tenants instead of homeowners. Arrived, a young real estate company backed by Amazon.com Inc. founder Jeff Bezos, has just announced its entry into the single-family rental fund space. Arrived currently operates a f
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In a recent episode of "The Rich Dad Radio Show," financial educator and author Robert Kiyosaki expressed grave concerns about the United States’ financial health. "America is now bankrupt," he said. "And the question I want to answer today is how [come] America, at one time reportedly the richest country in the world, is now bankrupt?" While the U.S. hasn’t legally declared bankruptcy, Kiyosaki's point underscores the nation’s worsening debt crisis. As of Nov. 24, the U.S. national debt had rea
( 34
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(Bloomberg) -- Activist investor Elliott Investment Management has built a $1 billion stake in Phillips 66 and plans to push for two board seats.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaBill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterHamas Releases 12 Hostages Despite Claims of Truce ViolationsIndia to Add $5 Billion Aircraft Carrier to Fleet to Counter ChinaElliott sent
( 34
min )
Michael Howells, president of the Workforce Skills division at Pearson, said GenZ are prepared for changes their senior counterparts may not be.
( 34
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(Bloomberg) -- General Motors Co. will boost its dividend by 33% and implement a $10 billion share buyback program in an attempt to spark interest among investors in a stock that has slumped this year as the company’s technology investments falter.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Claims of Truce ViolationsBill Ackman Bets Fed Will Cut Interest Rates
( 36
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Enbridge on Wednesday forecast higher core earnings and raised its dividend for 2024 as the Canadian pipeline operator bets on higher demand to lift volumes transported across its network. Enbridge said it expects C$9.3 billion in core profit from its liquids pipelines business, the company's main unit, helped by strong system utilization. The upbeat forecast from Enbridge, which operates the Mainline oil pipeline system that ships the bulk of Canada's crude exports to the U.S., follows peer TC Energy estimating higher adjusted core earnings for 2024 on Tuesday.
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The head of Dubai's Emirates has urged Rolls-Royce to go "back to basics" and focus on the performance of its engines, a day after the British firm laid out plans to quadruple profits. Shares in the British engineering firm rose after CEO Tufan Erginbilgic unveiled a strategy on Tuesday to revive the engine maker's fortunes including a sharp increase in profit margins and "value-driven pricing," suggesting higher servicing bills. But Emirates Airline President Tim Clark, who criticised Rolls over engine pricing and the performance of its largest engine at this month's Dubai Airshow, appeared unswayed by the plans which rely heavily on higher engine profit margins.
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Zepbound is expected to be available in the U.S. by the end of the year.
( 35
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My wife and I are both 56. We have around $1.2 million saved – approximately $450,000 in company 401(k)s, $650,000 in a managed account, and approximately $70,000 in personal stocks. We also have approximately $22,000 in savings. Our home is worth $700,000 or more and we owe $197,000 with a 3.875% interest rate. Our advisor […] The post Ask an Advisor: We’re 56 With $1.2 Million in Investments and Savings. Can We Afford to Withdraw $60k-$80k Per Year in Retirement? appeared first on SmartReads b
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Paying a 1% annual fee to a financial advisor for managing a $2 million investment portfolio is pretty typical, but that doesn’t necessarily mean it’s the right amount for every investor. Even small-sounding financial advisor fees can seriously erode long-term returns when compounded over years or decades. A 1% annual fee on a $2 million […] The post I Have $2 Million Invested With My Financial Advisor and Pay a 1% Fee. Am I Paying Too Much? appeared first on SmartReads by SmartAsset.
( 35
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Charlie Munger dies at 99, Apple moves to end Goldman Sachs card partnership, Amazon and Nvidia expand AI offerings, and other news to start your day.
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min )
The videogame retailer's shares were last at $15.12, the third most actively traded stock on the New York Stock Exchange at 5:50 a.m. ET. On Tuesday, GameStop shares had their biggest one-day percentage gain in eight months on no clear news catalyst. AMC Entertainment, another favorite among retail traders, rose nearly 4% to $6.95.
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Wall Street indexes ended marginally higher on Tuesday after some positive commentary from the Fed, while upbeat consumer data provided some lift. Fed Governor Christopher Waller, deemed a hawk, on Tuesday hinted at lower interest rates in the months ahead if inflation continued to ease, while Chicago Fed President Austan Goolsbee voiced concerns about keeping interest rates "too high for too long."
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Traders are piling into call options on GameStop stock implying the shares will stage a big rally after quarterly results.
( 20
min )
Alibaba stock has been suffering after it abandoned its cloud spinoff plans. Plaudits for the performance of Chinese e-commerce rival PDD are adding more pressure for change.
( 22
min )
The New Year is only five weeks away, and looking ahead to 2024 some noted market experts are predicting a modestly positive investing environment. Notable among them is David Kostin, chief US equity strategist from Goldman Sachs, who has expressed some cautious optimism about the coming year. Kostin believes that, like this year, the next will present a volatile stock market background and toss up opportunities for investors to score profits. Kostin’s rosy upside scenario sees the S&P 500 hitti
( 40
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Alibaba is on the brink of losing its crown as China’s most valuable e-commerce company.
PDD Holdings, the parent company of hugely popular online retailer Temu, is now worth $185 billion. The company [reported bumper earnings this week](https://www.wsj.com/livecoverage/stock-market-today-dow-jones
( 23
min )
Richemont said it had no financial obligations toward the luxury fashion e-commerce company Farfetch and didn’t plan to lend to or invest in it, but confirmed it was monitoring the situation, including reviewing its options.
( 25
min )
Charlie Munger of Berkshire Hathaway told CNBC just weeks ago that he would no longer bother with the bucket list item even if given the opportunity.
( 35
min )
Charlie Munger, longtime business partner of Warren Buffet, said he lived in the same house for decades because he thought it'd be better for his kids.
( 33
min )
Fed funds futures are now pricing in more than hundred basis points (bps) of cuts in 2024 and a 40% chance they begin as soon as March. Earnings growth in Europe will be flat in 2024 provided no recession materializes, J.P.Morgan said, warning that expectations of a re-acceleration in corporate topline and margins will be challenged on weakening pricing and volumes.
( 33
min )
Options volatility often declines as stocks rise. Some investors use the opportunity to buy bearish put options to hedge stocks. Others buy bullish call options to wager on gains.
( 24
min )
Some of the stocks dumped as funds do tax-loss selling can be attractive buys.
( 25
min )
Warren Buffett's business partner, Charlie Munger, would be a lot richer today if he hadn't sold or donated over 75% of his Berkshire Hathaway stock.
( 35
min )
Ark Invest, led by Cathie Wood, has sold a significant number of Coinbase shares, amounting to 43,956 COIN (equivalent to $5.3 million).
( 34
min )
(Bloomberg) -- Jack Ma urged Alibaba staff to take a page from hard-charging rival PDD Holdings Inc. in a surprise internal memo, in which the billionaire called on the company he co-founded decades ago to embark on fundamental change.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Claims of Truce ViolationsBill Ackman Bets Fed Will Cut Interest Rates as Soon as F
( 34
min )
Investors expect the Federal Reserve to start cutting interest rates in 2024, which has sent the dollar tumbling.
( 35
min )
Warren Buffett's Berkshire Hathaway has accused billionaire Jimmy Haslam of promising secret payments to staff that would inflate the price Berkshire would have to pay for the Haslam family's 20% stake in truck stop operator Pilot Travel Centers. Berkshire made the accusation in partially redacted filings made public on Tuesday in a countersuit against the Haslam family in Delaware Chancery Court, where the Haslams have been suing Buffett's company over Pilot.
( 35
min )
(Bloomberg) -- Goldman Sachs Group Inc., which has been trying to jettison its struggling credit card business, now has a potential way out of its partnership with Apple Inc.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Claims of Truce ViolationsBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresTreasury Yields Slide as Fedspeak Fuels Pivot Bets: Ma
( 35
min )
Today's best CD rates are 6.00% from Securityplus Federal Credit Union, 5.88% from West Town Bank & Trust, and 5.80% from Seattle Bank. A 5.85% jumbo rate is also available.
( 19
min )
Mark Cuban, who is selling his majority stake in the Mavericks, made billions of dollars with a series of business ventures, owning an NBA team, and investing in dozens of startups.
( 21
min )
Block time, in the context of cryptocurrency, is the average amount of time it takes for a new block to be added to a blockchain.
( 23
min )
The S&P 500 fell 0.1% on Wednesday, Nov. 29, 2023, giving back early gains as enthusiasm around earnings, economic growth, and Fed policy faded in the last hour.
( 17
min )
Las Vegas Sands said its largest shareholder, Miriam Adelson and her family, would be selling $2 billion in stock so Adelson could buy the Dallas Mavericks.
( 18
min )
Customers are flocking to Salesforce's cloud-based offerings in anticipation of AI developments still to come.
( 18
min )
Hormel Foods missed earnings and revenue estimates on falling demand and softness in the China market, and shares of the packaged food firm declined.
( 17
min )
A tenancy-at-will is an open-ended property tenure that has no written lease or agreement and can be terminated at any time by either the landlord or tenant.
( 25
min )
Shares of Cigna and Humana dropped in intraday trading Wednesday after a report that the large health insurance companies were exploring a merger.
( 17
min )
A tax haven is a country that offers foreigners very low tax liability in a politically and economically stable environment.
( 26
min )
Cyclical stocks are stocks with prices that are affected by macroeconomic or systematic changes in the overall economy. They rise and fall with the economy.
( 25
min )
Understanding the Initial Coin Offerings model for startups and crypto projects as a Financial Advisor their regulation, and associated risks.
( 29
min )
SoFi Technologies will shut down its crypto services by Dec. 19. Existing accounts will have the choice to migrate to the Blockchain.com platform or be closed and liquidated at that time, with a few caveats.
( 18
min )
This article explores the Federal Reserve System's 110-year journey, from its establishment on December 23, 1913, to its critical role in the U.S. economy.
( 29
min )
Many state and local governments tax tangible personal property, such as cars and boats, in addition to real property, such as homes and land.
( 25
min )
An altcoin is a cryptocurrency or token that is not Bitcoin (BTC). Etherum (ETH) is an altcoin. Learn about altcoins and what makes them different.
( 28
min )
Itemizing deductions allows some taxpayers to reduce their taxable income, and thus their taxes, by more than if they used the standard deduction.
( 26
min )
CrowdStrike Holdings exceeded earnings and revenue estimates and raised its full-year guidance as subscription revenue jumped.
( 17
min )
U.S. equities were up for a second-straight session at midday on Wednesday, Nov. 29, 2023, boosted by strong earnings reports.
( 17
min )
Rates on 30-year mortgages fell Tuesday, lowering the average to just a basis point above its recent 2-month low. Rates on most other loan types were down as well.
( 19
min )
Workday shares surged after beating profit and sales estimates and raised its guidance as demand for its finance and HR software products rose.
( 17
min )
The TCJA made some radical changes to the taxes you'll file from 2018 through 2025. Everything from deductions and credits to rates and investments have been affected.
( 37
min )
The economy grew even faster in the third quarter than the supercharged pace that officials first estimated last month.
( 18
min )
A progressive tax imposes successively higher rates on taxpayers who have higher incomes. The U.S. has a progressive tax system.
( 26
min )
Find out why the dividend yield for the S&P 500 Index remains historically low, and what dividend yields used to look like before the Internet Age.
( 25
min )
General Motors shares jumped after reinstating its 2023 guidance, announcing a $10 billion share buyback, and boosting its dividend 33%.
( 19
min )
Hong Kong is part of mainland China but has a capitalist economic system and is allowed its own financial, economic, legal, and judicial independence.
( 30
min )
Many people think they may actually make less overall because they are paying more taxes.
( 25
min )
IRS Form W-2G is a document sent to gamblers to report their winnings and the amount that was withheld for taxes at the time of the payout.
( 29
min )
For taxpayers wondering what is a 1099 form, there are 10 critical things you need to know about 1099s and how they impact how much tax you owe.
( 34
min )
As of U.S. taxpayers use Form 1040; Forms 1040EZ and 1040A have been discontinued.
( 23
min )
Exchange-Traded Funds (ETFs) were created to combine the best characteristics of both stocks and mutual funds into a combined investment vehicle.
( 25
min )
The convergence of accounting standards is changing the attitudes of CPAs and CFOs toward harmonization of international accounting.
( 29
min )
Due to their ease of use, low fees and diversification benefits, ETFs have exploded in popularity. We look at six common types of funds.
( 24
min )
Het aantal Nederlanders dat een bijstandsuitkering ontvangt, is voor het eerst in meer dan twee jaar gegroeid. Dat komt vooral doordat het aantal jongeren dat een uitkering ontvangt steeds groter wordt.
( 8
min )
ASR trekt honderden miljoenen euro's uit voor het vergoeden van klanten met een woekerpolis. Daarover heeft de verzekeraar een overeenkomst gesloten met verschillende claimorganisaties.
( 8
min )
De gasprijs op handelsmarkten is vandaag gedaald naar 40,25 euro per megawattuur. Sinds januari 2022, vlak voor de oorlog in Oekraïne, was de gasprijs niet zo laag. Pijnlijk is wel dat gas voor huishoudens juist duurder wordt.
( 10
min )
Net als elders in Europa daalt de inflatie in Duitsland gestaag. Consumentenprijzen lagen in november nog 3,2 procent hoger dan in dezelfde maand vorig jaar. In oktober was dat nog 3,8 procent. Dat komt vooral door dalende energieprijzen.
( 9
min )
Eneco gaat naast het volledig dynamische energiecontract met wisselende energieprijzen nu ook een mengvorm aanbieden. Daarbij kan de stroomprijs per uur verschillen, maar staat de gasprijs het hele jaar vast. De energieleverancier wil klanten zo meer zekerheid bieden.
( 9
min )
Eneco gaat naast het volledig dynamische energiecontract met wisselende energieprijzen nu ook een mengvorm aanbieden. Daarbij kan de stroomprijs per uur verschillen, maar staat de gasprijs het hele jaar vast. De energieleverancier wil klanten zo meer zekerheid bieden.
( 4
min )
Asielzoekers mogen met onmiddellijke ingang het hele jaar door werken. De Raad van State deed woensdag uitspraak over de zogeheten '24 wekeneis', die asielzoekers beperkt op de arbeidsmarkt. Het demissionaire kabinet past de regels gelijk aan.
( 9
min )
Asielzoekers mogen inderdaad langer werken dan de 24 weken die Nederland nu toestaat. De zogeheten '24 wekeneis' dwarsboomt de toegang tot de arbeidsmarkt, oordeelt de Raad van State woensdag.
( 10
min )
Asielzoekers mogen inderdaad langer werken dan de 24 weken die Nederland nu toestaat. De zogeheten '24 wekeneis' dwarsboomt de toegang tot de arbeidsmarkt, oordeelt de Raad van State woensdag.
( 9
min )
De Amerikaanse toezichthouder FDA waarschuwt opnieuw voor problemen met slaapapneuapparaten van Philips. Dit keer gaat het om oververhitting van de DreamStation 2. Dat apparaat viel niet onder de terugroepacties waarbij Philips sinds 2021 miljoenen defecte slaapapneuapparaten moest herstellen.
( 9
min )
De waarde van een aandeel Philips is woensdagochtend hard omlaaggegaan. Beleggers schrikken van de nieuwe waarschuwing over zijn slaapapneuapparaten die het bedrijf kreeg van de Amerikaanse toezichthouder. Om 10.00 uur was de aandelenkoers van Philips ruim 6 procent gedaald.
( 9
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De Amerikaanse toezichthouder FDA waarschuwt opnieuw voor problemen met slaapapneuapparaten van Philips. Dit keer gaat het om oververhitting van de DreamStation 2. Dat apparaat viel niet onder de terugroepacties waarbij Philips sinds 2021 miljoenen defecte slaapapneuapparaten moest herstellen.
( 9
min )
Opnieuw waarschuwt de Amerikaanse toezichthouder FDA voor problemen met slaapapneu-apparaten van Philips. Dit keer gaat het om oververhitting van de DreamStation 2. Dat apparaat viel niet onder de terugroepacties waarbij Philips sinds 2021 miljoenen defecte slaapapneuapparaten moest herstellen omdat isolatieschuim kon loslaten.
( 9
min )
Viaplay heeft voor de tweede keer de publicatie van zijn kwartaalcijfers op het laatste moment uitgesteld. De Zweedse streamingdienst zou zijn resultaten woensdag publiceren, maar komt pas donderdagavond met de cijfers, na het sluiten van de beurs in Stockholm.
( 9
min )
Charlie Munger, de vicevoorzitter van beleggingsbedrijf Berkshire Hathaway, is op 99-jarige leeftijd overleden. De Amerikaan werd bekend als de rechterhand van Warren Buffett, die als oprichter van Berkshire Hathaway de reputatie van superbelegger kreeg.
( 9
min )
De Amerikaanse vicepresident Kamala Harris gaat in plaats van president Joe Biden naar de klimaattop in Dubai. Die begint donderdag. Eerder werd al bekend dat Biden niet zou gaan, maar de reden is onbekend.
( 8
min )
Een architect van het plan om klimaatvriendelijk staal te maken bij Tata Steel wordt "steeds pessimistischer" over de toekomst van het bedrijf. De bouw van nieuwe fabrieken laat op zich wachten terwijl er twijfels zijn over de winstgevendheid van een groene staalfabriek, vertelt hij in de NU.nl-podcast Tata's ijzeren greep.
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Today's best CD rates are 6.00% from Securityplus Federal Credit Union, 5.88% from West Town Bank & Trust, and 5.80% from Seattle Bank. A jumbo rate of 5.85% is also on offer.
( 19
min )
Learn how you can lower your adjusted gross income and reduce your taxes by making qualified charitable distributions (QCDs) directly from your IRA account.
( 27
min )
National Retail Federation figures show that more than 200 million consumers participated in Thanksgiving weekend shopping, 18 million more than expected.
( 18
min )
Don't try to run from the tax man. Penalties and interest charges can run your tax bill up even higher. Here are some tips that can help you out.
( 29
min )
Amazon sold 1 billion items in just 11 days of promotional deals this November as the company announced "millions more deals" to come during the holiday season.
( 18
min )
Charlie Munger, the long-time investment partner at Warren Buffett's Berkshire Hathaway, has passed away at the age of 99.
( 17
min )
Synchrony Financial shares gained as the consumer financial services firm announced the sale of its pet insurance unit, Pets Best, to Poodle Holdings.
( 18
min )
3 kinds of indexing for ETF success include the market-cap-weighted index, the equal-weighted index, and the fundamental index.
( 29
min )
The S&P 500 rose 0.1% on Tuesday, Nov. 28, 2023, as a positive report on consumer confidence helped lift U.S. equities after Monday's declines.
( 17
min )
I bonds bought last year paid record rates. But with the current rates much lower, it may be smart to cash out. For many I bond holders, the ideal withdrawal date is Dec. 2.
( 20
min )
Charlie Munger was vice chair and second-in-command to Warren Buffett, the legendary investor who chairs the $355-billion conglomerate Berkshire Hathaway.
( 27
min )
Find out how to determine when it's the right time for you to switch from mutual funds to ETFs, including the benefits of ETFs and who they are best for.
( 25
min )
Understanding the differences between bond funds and bond ETFs can help investors choose the instrument that is best for building a diversified bond portfolio.
( 26
min )
SpringWorks Therapeutics received FDA approval for the first and only drug to treat desmoid tumors, and shares skyrocketed.
( 17
min )
Amazon Inc. has unveiled its next-generation AI chip hardware while supporting Nvidia's H200 microchip. A new $20-per-month Amazon Q chatbot was also announced.
( 17
min )
If the gain is from your primary home, then you may exclude a gain of up to $250,000 for a single filer or $500,000 if you're married filing jointly from income—if you meet certain requirements.
( 26
min )
Learn how exchange-traded funds (ETFs) distribute their dividends and the difference between qualified and non-qualified dividends.
( 23
min )
Virtual currency is a digital representation of value in purely electronic form. It can be open or closed and centralized or decentralized.
( 25
min )
A short-term loss capital results from the sale of an investment held for a year or less below its price adjusted for additional investment and deductions.
( 26
min )
A thrift savings plan (TSP) is a retirement investment program open only to federal employees and members of the uniformed services.
( 29
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Bank of America has been fined by federal regulators for not collecting information that’s meant to help the government combat mortgage lending discrimination.
( 17
min )
TikTok is one of the most popular video-sharing and social media apps in the world.
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A long-term capital gain or loss comes from a qualifying investment that was owned for longer than 12 months before being sold.
( 23
min )
Angel investing and crowdfunding are two very different options startups can use to get the funding they need.
( 26
min )
Discounting is the process of determining the present value of a payment or a stream of payments that is to be received in the future.
( 23
min )
The Consumer Confidence Index came in better than expected at 102 in November, above the revised reading of 99.1 for the prior month.
( 18
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Here’s a look at the differences between private foundations and public charities, both of which are types of charitable organizations.
( 27
min )
What exactly is a “good” raise? Learn what the average raise percentage is worth and how to set yourself up for a good salary bump, before your next annual review.
( 30
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Zscaler beat profit and sales estimates, but its expenses soared and the company kept its full-year billing guidance unchanged.
( 17
min )
ADRs of China's PDD Holdings soared as the operator of the Temu shopping app posted a big jump in revenue.
( 17
min )
Rates on 30-year mortgages rose a few points Monday, but the average still sits in its lowest range of the last two months. Rates on most other loan types climbed modestly.
( 19
min )
Accrual and cash basis methods recognize revenue and expenses at different times. Here are the advantages and disadvantages of each method.
( 25
min )
U.S. equities advanced at midday on Tuesday, Nov. 28, 2023 after a report showed consumer confidence increased in November after falling for three consecutive months.
( 17
min )
Fast fashion giant Shein reportedly filed confidentially for an initial public offering in the U.S., and could be ready to start trading as soon as next year.
( 17
min )
An investor can utilize these financial ratios to determine whether a manufacturing company is efficient, profitable, and a good long-term investment option.
( 23
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Personal loan rates dropped to 21.68% this week, moving down 8 basis points since last week when the average personal loan rate stood at 21.76%.
( 19
min )
A certificate of deposit (CD) is a savings product that earns interest on a lump-sum deposit that’s untouched for a predetermined period of time.
( 40
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Gift tax is a federal tax applied to gifts of money or property over a certain sum. Learn how it works, who pays, and how to avoid gift taxes.
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min )
These bankers shaped the current financial system; though some didn't live to see the fruits of their labor.
( 25
min )
Five main categories of taxpayers are exempt from payment under our tax code.
( 24
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IRS Form 1310: Statement of Person Claiming Refund Due a Deceased Taxpayer is used to request a federal tax refund on behalf of a deceased taxpayer.
( 28
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Understand the benefits and advantages of maintaining low working capital as related to liquidity needs, capital allocation, and operational efficiency.
( 22
min )
Money is a part of everyone's life, and we all want it. But, what is it, how does it gain value, and how was it created?
( 29
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Learn why some states have high property taxes while other states have low ones, and find out more about the states with the lowest property taxes.
( 28
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Real estate depreciation on rental property can lower your taxable income, but determining it can be complex. Find out how it works and can save you money at tax time.
( 29
min )
Charlie Munger was a crucial partner for Berkshire Hathaway CEO Warren Buffett.
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Today's best CD rates are 6.00% from Securityplus Federal Credit Union, 5.88% from West Town Bank & Trust, and 5.80% from Seattle Bank. A jumbo rate of 5.85% is also on offer.
( 21
min )
Apple and Goldman had started to roll out a virtual credit card in 2019. The exit would cover their entire consumer partnership, including the savings account rolled out this year, the report added.
( 34
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The chief executive of the world's most valuable company has no plan to retire just yet but he does have a succession plan in the works.
( 35
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(Bloomberg) -- A Deutsche Bank AG executive gave testimony that could bolster Donald Trump’s defense in his civil fraud trial, telling a New York judge that prospective clients can get loans even after reporting a net worth far higher than the lender’s own calculations.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Claims of Truce ViolationsBill Ackman Bets Fed W
( 37
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Has Boeing (NYSE:BA) stock switched from a toxic asset to a terrific investment? We might be witnessing Boeing’s long-term turnaround in 2023’s final months, and I am bullish on BA stock in light of a Wall Street expert’s upgrade. Boeing is an American aerospace and defense giant, and BA stock was once considered a safe defensive investment. For much of this year, however, the market focused on the “Magnificent Seven” technology stocks and left Boeing behind. Yet, as we’ll see, analysts are most
( 35
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On an adjusted basis, the "edge-to-cloud" firm earned 52 cents per share, beating analysts' average estimate of 50 cents, according to LSEG data. Still, sticky inflation and higher-for-longer interest rates have forced companies to cut back on IT spending, hurting firms like HPE. HPE expects revenue in the first quarter of fiscal 2024 to be in the range of $6.90 billion to $7.30 billion, the mid point of which is below estimates of $7.28 billion.
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I bonds bought last year paid record rates. But with the current rates much lower, it may be smart to cash out. For many I bond holders, the ideal withdrawal date is Dec. 2.
( 22
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Here are some of the Oracle of Omaha’s comments through the years on his longtime investing partner, who died Tuesday at 99.
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(Bloomberg) -- Miriam Adelson, the widow of casino magnate Sheldon Adelson, is selling $2 billion of stock in Las Vegas Sands Corp. so the family can acquire a majority stake in an unidentified professional sports team.Most Read from BloombergMusk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Claims of Truce ViolationsBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresTreasury Yields Slide as Fedspeak Fuels Pivot Bets: Markets WrapMilei’s
( 34
min )
(Bloomberg) -- If the US Treasury had tried to act tactically, like a company, to lock in low long-term borrowing costs during the pandemic, it would have damaged bond markets and the dollar, a former Treasury official wrote in a blog post. Most Read from BloombergMusk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Claims of Truce ViolationsBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresTreasury Yields Slide as Fedspeak Fuels Pivot Bet
( 34
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“Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” CEO Warren Buffett said of Charlie Munger.
( 37
min )
HP Enterprises is benefiting from its high-performance-computing and AI segment.
( 24
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Berkshire Hathaway, the conglomerate run by billionaire Warren Buffett, said longtime vice chairman Charlie Munger died peacefully on Tuesday morning at a California hospital. He was 99
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min )
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(Bloomberg) -- Options in GameStop Corp. are seeing wild volume as traders bet that the stock will rally 50% in little over a week.Most Read from BloombergMusk’s Cybertruck Is Already a Production Nightmare for TeslaBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresHamas Releases 12 Hostages Despite Claims of Truce ViolationsSwap Traders Boost Rate-Cut Wagers After Fedspeak: Markets WrapIndia to Add $5 Billion Aircraft Carrier to Fleet to Counter ChinaA Dec. 8 $20 call option chang
( 34
min )
(Bloomberg) -- Oil rose as OPEC+ members continued negotiations over output levels and a Federal Reserve official signaled the central bank’s rate-hiking campaign may be complete.Most Read from BloombergMusk’s Cybertruck Is Already a Production Nightmare for TeslaBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresIsrael and Hamas Trade Blame Amid Claims of Truce ViolationsUS Yields Fall as Waller’s Remarks Fuel Pivot Bets: Markets WrapSingapore High Court Grants Injunction Against P
( 34
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A stock sale "will shine a spotlight on the business model and financials" of the fast-fashion giant about which little is known, said one analyst.
( 35
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U.S. Steel said in August that it was evaluating strategic options that could include a sale of the business.
( 21
min )
In the context of today’s economic challenges, such as high interest rates, supply issues and elevated home prices, the wisdom shared by Berkshire Hathaway Inc. CEO Warren Buffett at the company's 1998 annual shareholders meeting remains relevant. A question from audience member Nelson Errata about the timing and strategy for buying a house elicited a response that provides valuable insight into investment and personal finance decisions. Buffett shared a personal anecdote about a critical decisi
( 36
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Renowned investor Berkshire Hathaway Inc. CEO Warren Buffett is known for his practical investment advice. Yet, his response to a job inquiry, detailed in a recount by an Inc. reporter, showcases a different side of his wisdom. During a talk at a business school, Buffett, instead of delving into investment strategies, shared an anecdote. A young man, eager for entrepreneurship experience, sought employment at Buffett’s firm in Omaha, Nebraska. The young aspirant believed that working at Berkshir
( 35
min )
Putting away $4 million for retirement is a great accomplishment. However, you're likely wondering how much interest $4 million earns per year. Predicting how much interest your nest egg earns will help you decide if it's enough to support your … Continue reading → The post How Much Interest Does $4 Million Earn Per Year? appeared first on SmartAsset Blog.
( 37
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Car buyers looking for another way to buy a Rivian truck or SUV have another option: leasing.
( 23
min )
In the rapidly evolving landscape of electric vehicle (EV) technology, a new player is emerging as a formidable challenger to Tesla Inc.’s dominance. QuantumScape, a Silicon Valley-based startup, is revolutionizing the EV battery market with its cutting-edge solid-state batteries. The batteries are touted to have triple the energy density of Tesla’s lithium-ion cells, significantly faster charging times and a safer, more sustainable design. QuantumScape’s leap into the future is marked by its in
( 35
min )
When investing in the stock market, a history of strong returns should be high on your priority list. Combine this with a positive outlook on the future, and you may have a winner to add to your portfolio. Amgen Inc., an American multinational biopharmaceutical company, fits this mold. The company has a 10-year annualized total return of 13.69% through the end of 2022. And if that's not enough to pique your interest, consider this: It pays out billions of dollars in dividends to investors every
( 35
min )
Even if mortgage rates come down, today’s high home prices don’t seem sustainable.
( 28
min )
Piper Sandler analysts downgraded shares of e-commerce platform Shopify to Underweight from Neutral.
( 20
min )
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A key Federal Reserve official said Tuesday that he is “increasingly confident” that the Fed's interest rate policies will succeed in bringing inflation back to the central bank's 2% target level. The official, Christopher Waller, a member of the Fed's Board of Governors, cautioned that inflation is still too high and that it's not yet certain if a recent slowdown in price increases can be sustained. “I am increasingly confident that policy is currently well-positioned to slow the economy and get inflation back to 2%,” Waller said in a speech at the American Enterprise Institute, a Washington think tank.
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min )
Boeing upgraded, Shopify downgraded: Wall Street's top analyst calls
( 36
min )
Nvidia stock has lost some momentum after the company's stellar earnings. The pause in the stock's push higher shouldn't last for long, according to analysts at Melius Research.
( 23
min )
Discount-focused online retailer PDD may be a beneficiary of China's economic slowdown.
( 20
min )
While many stocks have struggled in the past couple of years, shares of some of the U.S.’s best businesses have kept chugging higher.
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A few energy names could see stellar growth next year, assuming commodity prices stay strong.
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Bristol Myers has agreed to pay Avidity $60 million in cash and will also purchase about $40 million of Avidity common stock at $7.88 a share.
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RBC analyst Ken Herbert upgrades Boeing stock to the equivalent of Buy from Hold and boosts his price target to $275 a share from $200.
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Managing your 401(k) in retirement every bit as important as managing it up to that point. There are plenty of reasons for this but the big one is, you're going to need this money for a long time. With good health and good luck, you could spend almost as much time in retirement as you […] The post What Should I Do With My 401(k) Once I Retire? appeared first on SmartReads by SmartAsset.
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Discount-focused online retailer PDD may be a beneficiary of China's economic slowdown.
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(Bloomberg) -- European stocks fell for a second day and US futures pointed to a weaker open on Wall Street amid signs the November rally in equities is overstretched. Most Read from BloombergBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeSingapore High Court Grants Injunction Against PM Lee’s BrotherMusk, Netanyahu Visit Massacre Site Amid Antisemitism FurorIsrael, Hamas Extend Gaza Truce as 11 More Hostages Are Fre
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Canada's Bank of Nova Scotia reported a drop in fourth-quarter profit on Tuesday, as a murky economic climate prompted the lender to set aside bigger funds for potential loan defaults. Lenders have been bracing for a surge in loan defaults as effects of the central bank's monetary policy tightening flow through and the economy flirts with a recession. Scotiabank responded by increasing its provision for credit losses to C$1.26 billion from C$529 million a year earlier.
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(Bloomberg) -- Bank of Nova Scotia missed fiscal fourth-quarter profit estimates as the company set aside more money than expected for potentially souring loans.Most Read from BloombergBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresSingapore High Court Grants Injunction Against PM Lee’s BrotherRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeMusk, Netanyahu Visit Massacre Site Amid Antisemitism FurorIsrael, Hamas Extend Gaza Truce as 11 More Hostages Are FreedProvi
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The criminal convictions of Sam Bankman-Fried and the Binance gang just mark the beginning of the U.S. government's drive to expose crypto as a tool for fraud and money-laundering. Yet some politicians are still trying to polish its reputation.
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The world’s largest owner of commercial real estate is eyeing deals across Europe as interest rates stay high.
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These companies are poised to ride the AI boom and protect investors from the impact of higher interest rates.
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Zscaler shares fall after the cybersecurity company's fiscal-year forecast for calculated billings disappoints, and Boeing stock is upgraded. CrowdStrike, Intuit, and Workday are among companies scheduled to report quarterly earnings Tuesday.
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There’s just over a month left of 2023, which makes this a good time to figure out what lies in store for investors in 2024. Fortunately, we don’t have to rely on ourselves for this, as the equity strategy team at Morgan Stanley is on the job. The team, led by chief investment officer Mike Wilson, agrees that there are clouds on the horizon over the near-term namely because earnings forecasts are down, economic data is weaker, and the recent stock market rally seems limited in scope with essenti
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Rolls-Royce said it expected to deliver £400-500 million in cost savings in the mid-term, paving the way to restore capital returns, as it set out its financial targets through 2027.
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As the U.S. economy slows, Wolfe Research expects more defensive strategies to outperform.
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A few energy names could see stellar growth next year, assuming commodity prices stay strong.
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Beijing’s green lights for Broadcom and Mastercard are seen as isolated successes tied to politics.
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A new renewable hydrogen technology, which uses recycled aluminum and water, signals major progress in the $11-trillion hydrogen market.
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(Bloomberg) -- In Courtroom No. 29, a gray, musty cubbyhole of a space wedged into the heart of Hong Kong’s tony banking district, Judge Linda Chan presides over China’s great financial reckoning.Most Read from BloombergBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresTreasuries Extend Blockbuster Rally on Fed Wagers: Markets WrapRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeSingapore High Court Grants Injunction Against PM Lee’s BrotherMusk, Netanyahu Visit Massa
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In geen enkele bedrijfstak zijn zoveel mensen lid van een vakbond als bij de politie en brandweer. Twee op de drie brandblussers en agenten hebben zich aangesloten bij een bond. Bij bus- en trambestuurders gaat het om bijna de helft (49 procent).
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Opnieuw waarschuwt de Amerikaanse toezichthouder FDA voor problemen met slaapapneu-apparaten van Philips. Dit keer gaat het om oververhitting van de DreamStation 2. Dat apparaat viel niet onder de terugroepacties waarbij Philips sinds 2021 miljoenen defecte slaapapneuapparaten moest herstellen omdat isolatieschuim kon loslaten.
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De prijs voor cacao heeft het hoogste niveau sinds 1977 bereikt. Het belangrijke ingrediënt voor chocolade is duurder geworden doordat slechte weersomstandigheden de oogst in Ivoorkust en Ghana dwarszitten.
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De komst van de eerste Airbus van Transavia heeft vertraging opgelopen. De luchtvaartmaatschappij meldt dat het nieuwe toestel door een nog onbekende oorzaak beschadigd is geraakt. Transavia zou de Airbus A321neo, die al gereed was voor gebruik, begin december ophalen uit Hamburg.
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Pakketbezorgers van DHL brachten vandaag ruim 2 miljoen pakketjes naar consumenten, een nieuw dagrecord. Het vorige record stond op de dinsdag na Black Friday vorig jaar, toen 1,6 miljoen pakketten aan huis werden bezorgd.
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Fysieke winkels profiteerden in de afgelopen dagen maar beperkt van de koophype rond Black Friday. Maar online kochten consumenten wel veel meer dan in 2022. Dat komt doordat er ook meer kortingsacties worden aangeboden.
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Minder dan 2 procent van het Nederlandse spaargeld staat op een buitenlandse rekening, meldt De Nederlandsche Bank (DNB). Dit ondanks de hogere rentes die sommige buitenlandse banken geven op spaartegoeden.
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Europol heeft in Oekraïne meerdere cybercriminelen aangehouden die verdacht worden van wereldwijde aanvallen met gijzelsoftware. De cyberaanvallen veroorzaakten wereldwijd voor honderden miljoenen euro's aan schade.
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De Nederlandse bank FMO heeft een nieuw investeringsfonds van omgerekend zo'n miljard euro opgericht. Met dit fonds kunnen klimaatprojecten en ongelijkheidsbestrijding in ontwikkelingslanden worden gefinancierd.
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De budgetvliegmaatschappij easyJet heeft in het afgelopen jaar forse winsten geboekt. Het Britse bedrijf profiteerde volop van de grote vraag naar vliegreizen in Europa.
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De Europese Commissie is bang dat de overname van stofzuigermerk iRobot door Amazon slecht is voor de concurrentie. De concurrentiewaakhond wil dat de bedrijven met oplossingen komen, anders wordt de overname geblokkeerd.
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De meeste 'kritieke grondstoffen' die we in Nederland gebruiken komen uit China, blijkt uit nieuwe cijfers van statistiekbureau CBS. Die grondstoffen worden gebruikt om zonnepanelen, laptops en telefoons te maken.
( 8
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PME verhoogt begin volgend jaar de pensioenen van 170.000 ex-medewerkers van onder meer autobouwers en elektrotechnische bedrijven. De uitkeringen gaan met 3,26 procent omhoog, maakt het fonds dinsdag bekend.
( 9
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PME verhoogt begin volgend jaar de pensioenen van 170.000 ex-medewerkers van onder meer autobouwers en elektrotechnische bedrijven. De uitkeringen gaan met 3,26 procent omhoog, maakt het fonds dinsdag bekend.
( 9
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Shares of Zscaler fell more than 6% in after-hours trading as the cloud security company's operating expenses for the first quarter jumped by about 24% to $431.4 million. A push towards cyber security and drastic developments in artificial intelligence across industries employing vast, vulnerable data have led to increased costs for firms like Zscaler, as they rush to develop new offerings. "In order to meet this growing need, we are scaling our go-to-market and R&D organizations," Zscaler Chief Executive Jay Chaudhary said in a statement.
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When considering purchasing dividend stocks, investors often look at an issue's total return over time. But the total return is not just about the price today versus the price an investor originally paid for the shares. Total return includes any share price appreciation plus the dividends received and the return may differ, depending on whether the investor collects or reinvests the dividends. It should also be noted that dividends paid often vary over time. Many investors focus on dividend yiel
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The Federal Reserve will need nearly four more years to cover a historic operating loss and start sending profits again to the U.S. Treasury, according to new research from the Federal Reserve Bank of St. Louis. The losses are a product of the Fed’s rate rise cycle which saw the central bank sharply increase its interest rate target while at the same time shrinking the size of its balance sheet, both of which are being done to make monetary policy tight enough to cool high levels of inflation. The pincer movement of these two policy actions drove the Fed to start losing money in September 2022.
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Amazon shares rose after announcing an expanded partnership with Salesforce and a report Amazon surpassed FedEx and UPS to become the biggest U.S. package delivery firm.
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Last week, Nvidia Corporation (NASDAQ: NVDA) reported staggering third-quarter results. Despite its reliance on Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), Nvidia’s Data Center division drove this impressive growth, allowing the company to outshine its competitors, including TSMC, as well as Intel (NASDAQ: INTC), and Advanced Micro Devices, Inc. (NASDAQ: AMD). But, shares slumped upon news that Nvidia is delaying the launch of its new AI chip for China, touted as the most pow
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Electric-vehicle start-up Fisker saw two chief accounting officers depart as it filed third-quarter earnings and regulatory forms late.
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Spencer Rascoff, the renowned co-founder and former CEO of Zillow, and the entrepreneurial force behind Pacaso, has surprisingly limited involvement with investing in real estate. Despite his pivotal role in revolutionizing the online real estate space, Rascoff's personal investment in the sector is notably minimal. During a recent fireside chat, Ryan Frazier, Co-Founder and CEO of Arrived, inquired about Rascoff's foray into real estate investments. Rascoff’s response was candid: apart from own
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The option, which has been made available in states including California, New York, Florida and Texas, comes days ahead of the launch of Tesla's Cybertruck which competes with the R1T. The $7,500 federal tax credit for electric vehicle purchases also applies to customers who prefer to lease, boosting demand.
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Meta's Facebook lost the latest round of a court battle over privacy with the U.S. Federal Trade Commission on Monday after a federal judge ruled the regulator can seek to reduce the amount of money the social media company makes from users under 18. The judge ruled that Facebook must face a review of an earlier agreement that it struck with the FTC. Judge Timothy Kelly of the U.S. District Court for the District of Columbia denied a motion filed by Meta for the court to take over the fight.
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Cyber Monday is delivering a deal for CD shoppers, with a freshly unveiled 6% offer you can only snatch up today. It's available to anyone nationwide for a 12-month term.
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Amazon founder Jeff Bezos keeps lowering his stake. Shares of the retailer and cloud company have outperformed the S&P 500 in the last 20 years plus.
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When most people think of Jeff Bezos, they think of Amazon.com Inc. and its origin story: starting in a garage with a loan from his parents. But there’s another, lesser-known part of Bezos’s journey. Before Amazon took off, Bezos made a smart investment that could have made him a billionaire outside of Amazon. In 1998, four years after launching Amazon, Bezos invested in a small search engine startup operating out of a garage in Menlo Park, California. This startup, nurtured by the genius of Lar
( 36
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The Kraft Heinz board of directors has approved up to $3 billion in a share repurchase program, the maker of ketchup and mac and cheese announced Monday.
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Contrary to popular belief, the world’s most profitable company in 2023 is not a tech giant like Apple Inc. or Alphabet Inc.'s Google but oil giant Saudi Aramco. Last year, Saudi Aramco reported a net income of $161.1 billion, marking its highest annual profit as a listed company. This immense profitability is built on a foundation of $592 billion in oil and petrochemicals sales, a significant increase from $400 billion in sales the previous year. Fortune recognized Saudi Aramco as the most
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Bill Gates, the seventh richest person in the world, has a well-documented affinity for dividend income. This investment preference is clearly reflected in the staggering $464.5 million he earns annually from his portfolio. Gates’s investment strategy, rooted in picking companies with strong dividend yields, showcases his commitment to steady, long-term income streams. The Bill & Melinda Gates Foundation Trust's most recent 13F filing reveals that a significant portion of this income is generate
( 34
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(Bloomberg) -- Bayer AG hired several teams of bankers for a strategy simulation game that studied various breakup scenarios, according to people familiar with the matter. Their conclusion: Sweeping changes to the troubled German conglomerate won’t be easy.Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresMusk, Netanyahu Visit Massacre Site Amid Antisemitism FurorS&P 500 Wavers After Big Rally as
( 35
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My wife and I bought long-term care policies 25 years ago when they were relatively cheap. Now, our premiums have increased for the third time to over $500 per month and will rise again in six years. I figure I’ve already paid about $72,000 in premiums. Now, in our late 70s, I’m trying to decide […] The post Ask an Advisor: Our Long-Term Care Insurance Now Costs $500 Per Month. We’re in Our Mid-70s and Have Paid $72k in Total. Should We Cancel Our Policies? appeared first on SmartReads by SmartA
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Rates on 30-year mortgages fell another few points Wednesday, dropping the average to within a few points of its two-month low. Rates on most loan types dipped or were flat.
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(Bloomberg) -- Saudi Arabia is asking others in the OPEC+ coalition to reduce their oil-output quotas in a bid to shore up global markets but some members are resisting, delegates said.Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresMusk, Netanyahu Visit Massacre Site Amid Antisemitism FurorSodium in Batteries: Shift May Herald Another ShakeupChina Says Multiple Pathogens Are Behind Spike in Re
( 35
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“Building a company offshore, skirting regulation, it's just not going to work,” Armstrong said in an interview with CNBC in London.
( 34
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Elon Musk is slated to meet with Israeli President Yitzhak Herzog on Monday.
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(Bloomberg) -- President-elect Javier Milei plans to call congress into an extraordinary session and send a large package of reforms to stabilize Argentina’s economy on Dec. 11, the day after his inauguration.Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresMusk, Netanyahu Visit Massacre Site Amid Antisemitism FurorSodium in Batteries: Shift May Herald Another ShakeupChina Says Multiple Pathogen
( 35
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Oil prices were down early Monday as members of the Organization of the Petroleum Exporting Countries (OPCE) prepared to meet later this week.
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(Bloomberg) -- The Federal Reserve’s preferred underlying inflation measure will be slower to recede, which should keep interest rates higher for longer, according to Bloomberg’s latest survey of economists.Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeMusk, Netanyahu Visit Massacre Site Amid Antisemitism FurorSodium in Batteries: Shift May Herald Another ShakeupChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesBillions Wiped Out as S
( 34
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Activist investor Elliott Investment Management is seeking new executive and board changes at Crown Castle in a letter released on Monday, after disclosing a $2 billion stake in the real estate investment trust. Shares of Crown Castle were up more than 5% premarket. "Crown Castle suffers from a profound lack of oversight by the Board, which has contributed to its irresponsible stewardship and flawed financial policy," Elliott said in the letter.
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Citi sees multiple reasons for caution, including the retailer's relationship with Nike, after Foot Locker stock passed analysts' price targets.
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Tesla has filed a lawsuit against the Swedish Transport Agency as striking workers in the Scandinavian country halted the delivery of license plates of new vehicles manufactured by the Texas-based automaker, reported Sweden’s Dagens Industri on Monday. Mikael Andersson, a press spokesman for the agency, told local broadcaster SVT that the lawsuit was filed early morning “so we have not seen it yet.” Leading business paper Dagens Industri reported that Tesla — which is non-unionized globally — was suing the government agency because not accessing the registration plates “constitutes an unlawful discriminatory attack directed at Tesla.”
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I’ve had a financial advisor, who is a certified financial planner (CFP), since December of last year. I really find his advice super valuable, but I can't seem to get over the fact that he sold all of my Nvidia stock when he took over as my CFP. I had bought $20,000 worth of Nvidia […] The post Ask an Advisor: My Advisor Sold My Nvidia Stock When I Hired Him, Costing Me $50k in Potential Profits. How Do I Deal With It? appeared first on SmartReads by SmartAsset.
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The end of zero-rate policy in Japan seems like a risk to American bonds. In fact, they may already have passed the test.
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Wall Street ended the Thanksgiving week on a positive note, with the major indexes notching up their fourth consecutive week of gains on growing optimism that the Federal Reserve was likely done hiking interest rates. In the US, the investors will look out for the "Beige Book", the Fed's compendium of reports about the economy, on Wednesday. The personal consumption expenditure index data for October - the Fed's preferred inflation gauge - is slated to be released on Thursday.
( 34
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Tesla has filed a lawsuit against the Swedish government's Transport Agency over a workers' strike that has blocked the U.S. auto maker's requests for license plates for new vehicles, business daily Dagens Industri reported on Monday. IF Metall, Sweden's biggest manufacturing union, is locked in a fight with Tesla to get a collective bargaining agreement for its mechanics in Sweden. Metall put the mechanics on strike on Oct. 27, refusing to service Tesla's cars.
( 34
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Representatives of Volkswagen's management announced staff reductions to IG Metall union representatives in Wolfsburg on Monday, according to a report by Spiegel magazine. "The situation is very critical," VW brand chief Thomas Schaefer was quoted as saying by Spiegel, according to participants. At the same meeting, the company's works council leader, Daniela Cavallo, stressed there should be "no departure from our collective agreements and job security until 2029," Spiegel said.
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(Bloomberg) -- Reeling from a bear market last year, beaten-up investors decided to send more than $60 billion to exchange-traded funds focusing on dividends.Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesSodium in Batteries: Shift May Herald Another ShakeupIsrael, Hamas Look to Extend Truce After More Hostages Are FreedMusk Tours Massacre Site With Netanyahu Amid Antisemitism FurorElev
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OpenAI employees may not like the board’s retort that allowing the company to be destroyed would be consistent with the mission–but they saw it this way.
( 38
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🔎 Crown Castle (CCI): Activist Elliott Investment Management plans to push for change at the owner of wireless towers after amassing a stake of more than $2 billion, [The Wall Street Journal reported](https://www.wsj.com/business/telecom/elliott-ren
( 23
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Amazon is eclipsing both carriers in the number of packages it brings to U.S. homes, and the gap is growing.
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Crown Castle stock rises after a report says the owner of wireless towers is the target of renewed activist attention.
( 23
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The Biden administration has announced a huge plan to tackle issues plaguing the U.S. supply chain that covers several cross-government partnerships. The post Biden administration announces massive logistics plan appeared first on FreightWaves.
( 36
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The Organization of the Petroleum Exporting Countries (OPEC) delayed a meeting amid talk that some countries want higher crude oil output quotas.
( 19
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Strategists at Deutsche Bank expect the index to end 2024 at 5,100 points. The S&P 500 is up close to 19% so far this year. They expect profits for the index companies to rise by 19% next year if U.S. gross domestic product grows by 2%.
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Investing.com -- U.S. futures edged lower Monday, as investors took profits given the strong gains this month to date ahead of the release of more important inflation data this week.
( 35
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(Bloomberg) -- China’s world-beating solar sector will start seeing smaller equipment makers being forced out next year as prices keep falling, according to one of the leading manufacturers. Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesSodium in Batteries: Shift May Herald Another ShakeupIsrael, Hamas Look to Extend Truce After More Hostages Are FreedMalaysia to Allow Visa-Free Entry
( 35
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Cash conditions in China's money market showed signs of tightness on Monday, as market participants grew cautious about month-end demand and a recent liquidity squeeze remained fresh in memory. Despite fresh liquidity injections by the central bank to calm the market, traders and analysts said borrowing costs for the funds that could help financial institutions, especially non-banks, to tide over the critical month-end period remained high. The price of the benchmark seven-day repos traded in the interbank market, hit a high of 2.8% on Monday, the highest level since Oct. 31.
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(Bloomberg) -- A five-month rally in MediaTek Inc. looks set to extend as booming demand for smartphones and a promising new AI chip brighten the outlook.Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesSodium in Batteries: Shift May Herald Another ShakeupIsrael, Hamas Look to Extend Truce After More Hostages Are FreedMalaysia to Allow Visa-Free Entry to Chinese, Indian CitizensThe Taiwan
( 36
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While Teva's focus in recent years has been on stabilizing revenue and EBITDA, analysts expect future attention to turn toward Teva's attractive brand assets. This shift could allow investors to benefit from accelerated product launches and reduced pipeline risks.
( 35
min )
(Bloomberg) -- As China’s embattled shadow banking giant Zhongzhi Enterprise Group Co. faces a criminal probe, lawyers and analysts are assessing the damage to investors. One estimate puts that at about $56 billion.Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesSodium in Batteries: Shift May Herald Another ShakeupIsrael, Hamas Look to Extend Truce After More Hostages Are FreedMalaysia t
( 34
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Sumitomo Mitsui Financial Group said Jun Ohta, its director president and group chief executive, has died at the age of 65.
( 25
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U.S. stocks will likely continue to see gains in 2024, some market watchers say. Investors would have big tech stocks to thank, again.
( 27
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Jim Cramer, the host of CNBC's Mad Money, has reversed his opinion on Bitcoin and is now urging investors to reconsider their positions.
( 33
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Treasury yields are a few basis points higher, but that hasn't helped the dollar which lost ground to a broadly firmer yen. China's central bank announced it would encourage financial institutions to support private companies, including with a greater tolerance for non-performing loans. The market didn't seem impressed and China's blue chips are down around 1.2%.
( 35
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European Central Bank (ECB) President Christine Lagarde, a prominent critic of cryptocurrencies, recently disclosed that her own family experienced the unpredictable nature of digital assets.
( 33
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MicroStrategy, the enterprise business firm well-known for its optimistic stance on Bitcoin, witnessed a surge in its stock price, surpassing $500 on last friday.
( 34
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SHANGHAI/BEIJING (Reuters) -The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could douse a market rally, three people familiar with the matter said. A "major shareholder" is one with a stake of 5% or more, and to sell shares in a company they own, they need to make a public filing with the relevant stock exchange, according to rules for the country's bourses. The Beijing exchange has been rejecting those filings, said the people who were not authorised to speak to media and declined to be identified.
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Gold prices climbed a six-month peak on Monday, supported by a weaker U.S. dollar and on bets that the U.S. Federal Reserve is done with its interest rate hike cycle, while the focus shifted to U.S. inflation data due later this week. Spot gold was up 0.4% at $2,009.69 per ounce by 0404 GMT. "What's moving gold at the moment is the lower U.S. dollar because of the recent soft data," said Kyle Rodda, a financial market analyst at Capital.com.
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(Bloomberg) -- A gauge of bank funding costs in Hong Kong jumped to the highest in 16 years, as year-end demand for cash exacerbates an already-tight liquidity environment.Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesSodium in Batteries: Shift May Herald Another ShakeupIsrael, Hamas Look to Extend Truce After More Hostages Are FreedMalaysia to Allow Visa-Free Entry to Chinese, Indian
( 34
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(Bloomberg) -- Oil steadied after a three-day drop on signs OPEC+ may deepen production cuts when it holds its postponed meeting on Thursday.Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesSodium in Batteries: Shift May Herald Another ShakeupMarkets Cheer as Milei Drops Dollarization for Macri BrassIsrael, Hamas Look to Extend Truce After More Hostages Are FreedGlobal benchmark Brent tra
( 33
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(Bloomberg) -- Sumitomo Mitsui Financial Group Inc.’s Chief Executive Officer Jun Ohta, who pursued an aggressive expansion abroad during his four years at the helm of Japan’s second-largest bank, has died. He was 65. Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesSodium in Batteries: Shift May Herald Another ShakeupMarkets Cheer as Milei Drops Dollarization for Macri BrassIsrael, Hamas
( 34
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(Bloomberg) -- Asian stocks are poised to start a fresh week higher after US shares held last week’s gain in a holiday-shortened session on Wall Street. Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesSodium in Batteries: Shift May Herald Another ShakeupMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakFutures cont
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Federal employees and military personnel can choose to save for retirement through a Roth TSP or a Roth IRA. Here's how they differ.
( 33
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U.S. employees are more dissatisfied than they were in the thick of the pandemic
( 23
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Asian shares got off to a hesitant start on Monday ahead of potentially market-moving inflation data from the United States and Europe later in the week, and a meeting of oil producers that could stop, or extend, the recent slide in prices. Japan's Nikkei added 0.3%, having surged 9% so far in November. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, but 6.7% firmer for the month.
( 35
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Toyota's chairman, who's long resisted EV hype despite pressure, is feeling vindicated, with hybrid sales surging this year.
( 35
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Drugmakers are seeking to limit their reliance on Chinese contractors who produce drugs used in clinical trials and early-stage manufacturing, a move that is benefiting rivals in India, according to interviews with 10 industry executives and experts. China has for nearly 20 years been the preferred location for a range of pharmaceutical research and manufacturing services due to the low cost and speed offered by contract drugmakers there. That is leading some biotech companies to consider using manufacturers in India to produce active pharmaceutical ingredient (API) for clinical trials or other outsourced work.
( 35
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Terwijl het klimaat geen thema leek te zijn bij de verkiezingen, maakt drie op de vier Nederlanders zich druk om klimaatverandering. Vrouwen maken zich de meeste zorgen over de gevolgen ervan. Mannen bekommeren zich juist meer om de kosten van het klimaatbeleid.
( 9
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PME verhoogt begin volgend jaar de pensioenen van 170.000 ex-medewerkers van onder meer autobouwers en elektrotechnische bedrijven. De uitkeringen gaan met 3,26 procent omhoog, maakt het fonds dinsdag bekend.
( 9
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Modehuis Gucci heeft voor het eerst in zijn 102-jarig bestaan te maken met een staking van modeontwerpers. Ongeveer vijftig medewerkers hebben maandag het werk neergelegd uit onvrede met plannen om een groot deel van de ontwerpafdeling van Rome naar Milaan te verplaatsen.
( 8
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Modehuis Gucci heeft voor het eerst in zijn 102-jarig bestaan te maken met een staking van modeontwerpers. Ongeveer vijtig medewerkers hebben maandag het werk neergelegd uit onvrede met plannen om een groot deel van de ontwerpafdeling van Rome naar Milaan te verplaatsen.
( 8
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Meer dan 2,9 miljoen mensen hebben zondag in de Verenigde Staten na Thanksgiving het vliegtuig gepakt. De dag na de nationale feestdag zorgde voor de drukste dag ooit op de Amerikaanse luchthavens.
( 8
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Voor pakketbezorgers is dit de drukste week van het jaar. Sinterklaas, Kerst en ook het koopfestijn Black Friday zorgen voor een enorme piek in het aantal pakketjes dat wordt besteld in Nederland. Hoe zorg je ervoor dat je pakketjes tóch op tijd binnen zijn?
( 10
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Ruimtevaartuig Psyche is er eerder deze maand in geslaagd om over een afstand van 16 miljoen kilometer een bericht via een laserstraal naar de aarde te sturen. De succesvolle test is een belangrijke stap naar snel internet in de ruimte.
( 11
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Bijna alle Nederlandse gemeenten hebben subsidie aangevraagd om meer huizen te kunnen isoleren. De landelijke subsidie is bedoeld voor de verduurzaming van verenigingen van eigenaren (vve's) en woningen van kwetsbare woningeigenaren. Het ministerie verwacht zo'n 200.000 huizen te kunnen opknappen.
( 9
min )
De Verenigde Naties hebben opheldering gevraagd aan de Nederlandse overheid in het pfas-schandaal rondom Chemours. Afvalwater wordt vanuit de fabriek in Dordrecht naar een Chemours-vestiging in de Amerikaanse staat North Carolina verscheept, waar het de gezondheid van de bevolking zou schaden.
( 9
min )
De Amerikaanse president Joe Biden komt niet naar de klimaattop die donderdag begint in Dubai. Klimaatgezant John Kerry zal wel aanwezig zijn op de COP28. Waarom Biden niet gaat, is niet bekend.
( 8
min )
BpfBOUW verhoogt komend jaar de pensioenen niet. Dit komt doordat uit cijfers van statistiekbureau CBS zou blijken dat afgelopen jaar de gemiddelde prijzen niet omhoog zijn gegaan.
( 9
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Als je een zorgverzekering afsluit via de gemeente ben je in de ene plaats soms honderden euro's per jaar duurder uit dan in de andere. Dat blijkt uit een vergelijking van Geld.nl. Ruim 700.000 Nederlanders verzekeren zich voor zorgkosten via de gemeente.
( 9
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Woordvoerder Andy Stone van Facebook-moederbedrijf Meta wordt gezocht door de Russische autoriteiten. Waar de in Washington woonachtige Stone van wordt verdacht, is niet duidelijk.
( 8
min )
Tientallen Amerikaanse staten beschuldigen socialemediabedrijf Meta van het illegaal verzamelen van persoonlijke data van kinderen jonger dan 13 op Instagram.
( 9
min )
ASR heeft van verschillende bedrijven een bod ontvangen op Knab. De online bank is op dit moment in handen van de verzekeraar.
( 8
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Klanten zijn in de supermarkt duurder uit doordat fabrikanten van A-merken het voor winkeliers onmogelijk maken om over de grens in te kopen. Ook andere ketens, zoals drogisterijen, doe-het-zelfzaken en elektronicaverkopers lopen hier tegenaan.
( 10
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Communism and socialism are political and economic systems that are historically related but often confused with each other. Here's how they compare.
( 28
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Today's best CD rate of 6.00% is available two ways: as a Cyber Monday deal from Alabama Credit Union or an offer from Securityplus Federal Credit Union that expires Thursday.
( 19
min )
Form 1099-SA is the IRS form that you receive if you must include a distribution from certain medical savings accounts on your federal taxes.
( 28
min )
Foxconn announced it would invest more than $1.5 billion in India as the major supplier of iPhones moves to expand its production outside of China.
( 19
min )
The S&P 500 fell 0.2% on Monday, Nov. 27, 2023, down for only the second time in nine sessions, ahead of key inflation data coming this week.
( 18
min )
The maker of the Roomba vacuum cleaner saw its shares fall roughly 17% after EU regulators questioned an acquisition by Amazon.
( 17
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Anne Ackerley, the Head of Retirement at Blackrock, joins The Express to talk about how we have been behaving inside the $8.5 Trillion Asset Managers retirement plans and ETFs, and how those in or nearing retirement need to consider additional asset classes to make their money last.
( 16
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Doug Boneparth, Jamie Hopkins and Peter Lazaroff climb back aboard The Express to share their views about what the words "retirement" and "wealth" mean today, and how investors should approach their goals given higher interest rates and the end of easy money.
( 20
min )
If your IRAs contain both pretax and after-tax contributions, check the amounts of each to avoid getting a large tax bill when you convert to a Roth.
( 28
min )
Amazon shares rose after announcing an expanded partnership with Salesforce and a report Amazon surpassed FedEx and UPS to become the biggest U.S. package delivery firm.
( 18
min )
Trading volatility is an interesting idea, but current ETFs and ETNs do a fairly poor job of it.
( 26
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Cyber Monday is delivering a deal for CD shoppers, with a freshly unveiled 6% offer you can only snatch up today. It's available to anyone nationwide for a 12-month term.
( 16
min )
Form 709 is used to report transfers subject to federal gift tax and/or generation-skipping tax to the IRS.
( 26
min )
Form 8949: Sales and Other Dispositions of Capital Assets is an Internal Revenue Service tax form used to report capital gains and losses from investments.
( 24
min )
A government broker or GEMM is a British securities broker authorized to buy and sell government gilt securities.
( 22
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Here are key differences between Bitcoin and Ripple's XRP, two of the most widely used cryptocurrency systems.
( 34
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U.S. automaker Tesla filed a lawsuit against the Swedish government after a postal workers strike in the country delayed delivery of license plates to the company.
( 17
min )
Holiday shoppers are stretching their budgets by bargain hunting, and by using buy-now-pay-later services, early data from Black Friday retailers shows.
( 19
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Learn about the main benefits of cost accounting systems, how they differ from financial accounting, and why they are important to businesses.
( 22
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Find out how and when withdrawals from your traditional or Roth IRAs and 401(k)s affect your tax bracket and how to keep your tax rate low.
( 30
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Here is how you can open a Roth IRA for a child or someone else—a gift that keeps on giving.
( 26
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Semiconductors are an important global industry, and supply chain issues have caused a great deal of recent volatility in chip stocks.
( 26
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A Roth IRA is a special individual retirement account (IRA) in which you pay taxes on contributions, and then all future withdrawals are tax-free.
( 39
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The Howey test establishes four criteria to determine if crypto should be regulated as a security.
( 29
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This article navigates the ins and outs of crypto due diligence and financial responsibility for financial advisors in the crypto market. It sheds light on advisors' fiduciary responsibilities, key risk areas, and essential due diligence practices.
( 33
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Giving money can be a way to provide your loved ones with the means to get what they'd like or need. Learn about other assets you can give and how to give them.
( 29
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Technical indicators are used by traders to gain insight into the supply and demand of securities. Here we look at seven such technical trading tools.
( 28
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First impressions count, so prepare well for your first meeting with a client. Get to know as much as you can about the person and be ready to answer questions.
( 22
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When there are major occurrences in your life, adjust the tax withholding information on your W-4 to ensure that the appropriate amount of income is withheld for taxes.
( 26
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New home sales for October came in at an annual rate of 679,000, but analysts were expecting to see that category of sales hit 725,000.
( 18
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Amazon is set to sell Salesforce products on AWS to allow customers to easily integrate the CRM's artificial intelligence (AI) tech.
( 17
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Activist investor Elliott Investment Management called for a shake-up in the leadership of real estate investment trust and communications infrastructure provider Crown Castle.
( 17
min )
Learn what present value (PV) and future value (FV) are and how to calculate present value in Excel given the future value, interest rate, and period.
( 24
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U.S. equities were mixed and little changed on Monday, Nov. 27, 2023 ahead of key data on inflation set to be released later in the week.
( 17
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A hedge against inflation includes assets that often outperform during inflationary times. Read how gold, real estate, and bonds are inflation hedges.
( 31
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Shopify reported its merchants set a record $4.1 billion in sales the day after the U.S. Thanksgiving holiday.
( 17
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Income tax is a tax that governments impose on income generated by businesses and individuals within their jurisdiction.
( 26
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Rates on 30-year mortgages fell another few points Wednesday, dropping the average to within a few points of its two-month low. Rates on most loan types dipped or were flat.
( 19
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Loose credit is the lowering of interest rates and usually is accompanied by a relaxation of lending standards by banks and other lending institutions.
( 24
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An Employer Identification Number (EIN) is a unique number assigned to a business for easy IRS identification for tax reporting purposes.
( 26
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The golden visa is a type of residency-by-investment program offered by several countries, allowing foreign nationals to obtain residency rights by making a significant investment in the country’s economy.
( 27
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Find information on taxation of foreign investments. Learn how the foreign tax credit enables you to deduct most of the tax you've paid abroad.
( 26
min )
Shoppers in the U.S. could spend upwards of $12 billion online over Cyber Monday after online sales hit a record on Black Friday, according to Adobe Analytics.
( 17
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Labor unions have existed in the U.S. for quite some time, but not all have been as successful as these three.
( 25
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If you are a U.S. citizen or resident alien, your income–unless exempt–is subject to U.S. income tax, including income that is earned outside the U.S.
( 25
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There are several ways to realize a decent return on investment on your unwanted pelt. Here is some information to help you.
( 25
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In 2019, France faced three significant economic challenges: unemployment, lagging competitiveness, and sluggish growth.
( 24
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Investment analysis is researching and evaluating a stock or industry to determine how it is likely to perform and whether it suits a given investor.
( 24
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If you own property overseas, your U.S. tax benefits depend on how you use the property. Find out which tax deductions you can claim on foreign property.
( 30
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Amazon and Walmart prepare for Cyber Monday ahead of projections for record spending on the shopping holiday and Disney shares fell after its film “Wish” fared poorly during the Thanksgiving box office weekend. Here’s what investors need to know today.
( 18
min )
Millennials can take advantage of decades of tax-free earnings, and then tax-free withdrawals during retirement, with a Roth IRA.
( 28
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Owners of small businesses have several choices when it comes to saving for retirement. When does it make sense to choose a solo 401(k) versus a SEP plan?
( 23
min )
A tax shelter is a vehicle used by taxpayers to minimize or decrease their taxable incomes and, therefore, tax liabilities.
( 27
min )
The tax savings of non-qualified deferred compensation plans are not the only tax-related fact you need to know before signing up for one.
( 26
min )
Find out which is more fair: flat tax or progressive tax. Learn about both sides of the debate and the challenges of defining "fair."
( 25
min )
Deadweight loss of taxation is a measurement of the economic loss that can be caused by a tax due to its damaging effects on supply and demand.
( 26
min )
Federal employees and military personnel can choose to save for retirement through a Roth TSP or a Roth IRA. Here's how they differ.
( 33
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Opening a wealth management firm is a complex process. By keeping these rules in mind, financial advisors can increase the odds of success.
( 22
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The 403(b) plan is less understood than the more popular 401(k) plan, but they share some similarities.
( 23
min )
SIMPLE IRAs and SIMPLE 401(k)s can be good options for employers to offer, under some circumstances.
( 23
min )
(Bloomberg) -- Cash-strapped Chinese borrowers are losing another funding avenue, as default jitters rock a market that relies on quasi guarantees from banks for repayment. Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesSodium in Batteries: Shift May Herald Another ShakeupMarkets Cheer as Milei Drops Dollarization for Macri BrassIsrael, Hamas Look to Extend Truce After More Hostages Are
( 35
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The $7.6 trillion that is coming due in the coming year represents 31% of the outstanding total, according to Apollo's chief economist.
( 34
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He sticks to these four indicators regardless of his strategy. His versatile approach has allowed him to remain profitable in different markets.
( 37
min )
(Bloomberg) -- The world’s biggest bond market has clawed its way back after spending chunks of 2023 underwater. Now many US debt watchers see the pathway clearing for a real revival. Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesSodium in Batteries: Shift May Herald Another ShakeupMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child
( 36
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EV leader Tesla hosts its highly anticipated Cybertruck launch event on Nov. 30.
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Use this Roth IRA calculation method to determine your contribution limits for tax purposes.
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Taxes are unavoidable but that doesn't mean you have to pay more than you owe. What happens to your tax liability with proper financial planning? The simple answer is that it can allow you to minimize what you owe while … Continue reading → The post What Happens To Your Tax Liability With Proper Financial Planning? appeared first on SmartAsset Blog.
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I'm afraid of the stock market. With my first investment, I lost 60% of my money. So I'm strictly into bonds. With interest rates low, what's your advice? Should I stay or try something else? -Jerold It's reasonable to be … Continue reading → The post Ask an Advisor: ‘I'm Strictly Into Bonds' and Afraid of the Stock Market. Is This a Strategy I Should Stick With? appeared first on SmartAsset Blog.
( 35
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I'm constantly losing money on stock and cryptocurrency investments. And I paid for the advice that has given me the information that I've used to do this. For example, I was told to buy SoFi and lost money the whole … Continue reading → The post Ask an Advisor: I'm Losing Money on Investments. How Can My Advisor Let This Happen? appeared first on SmartAsset Blog.
( 37
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If you contribute to a tax-advantaged retirement account at work or a traditional IRA, Required Minimum Distributions (RMDs) are something you'll need to factor into your financial plan. These distributions are minimum amounts you're required to withdraw from your retirement … Continue reading → The post Is an RMD Needed If You're Still Working? appeared first on SmartAsset Blog.
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(Bloomberg) -- Signa is holding last-ditch talks with investors, hoping to secure a funding lifeline and avoid a wave of insolvencies in the €23 billion ($25 billion) property empire.Most Read from BloombergRussia Downs Ukrainian Drones Across Regions Including MoscowChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesSodium in Batteries: Shift May Herald Another ShakeupMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pn
( 35
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The economic outlook and the national mood aren't matching up as we head toward year's end. Inflation, interest rates are easing. But we're grumpy.
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Savings is as crucial as ever while we deal with life changes and our needs for the future. Here are some essential steps to get started now.
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Coming up this week: the PCE inflation index, more tech and retail earnings, and consumer confidence
( 22
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(Bloomberg) -- HTX, the crypto exchange linked to digital-asset entrepreneur Justin Sun, has fully reinstated Bitcoin deposits and withdrawals after suffering a hacking attack, Sun said.Most Read from BloombergRussia Suffers Heavy Drone Attack Including Strikes on MoscowMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesHamas Releases Second Group of Hos
( 33
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From overseeing RTO plans to being put on the chopping block, middle managers are not okay.
( 34
min )
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( 26
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Citizens Financial is scooping up bankers from First Republic. Executives say they will copy only the good parts of the failed bank.
( 28
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The litigation that could end up changing how millions of Americans buy and sell homes was hiding in plain sight for three decades.
( 28
min )
Consumers are shifting away from store-branded credit cards, which have been lucrative for retailers.
( 30
min )
Some analysts see the investor balances in money-market funds as a bullish sign for stocks and bonds.
( 26
min )
An increasing pressure, from both social and political directions, has combined to boost clean and renewable energy providers, including residential scale solar installation providers. Residential solar offers several benefits to the customer, including grid-independent home power and an ability to sell electricity back to the utility provider. Yet, the residential solar business has faced strong headwinds in the last year or more, due to high interest rates increasing the cost of financing the
( 37
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(Bloomberg) -- ESG fund managers who turned to big tech as a low-carbon, high-return bet are growing increasingly anxious over the sector’s experimentation with artificial intelligence.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Releases Second Group of Hostages Following DelaysHamas Says Next Hostage Release to Israel Is Back On After DelayHamas Frees 24 Hostages From Gaza as Israel Tru
( 37
min )
Huawei has joined with Chinese carmaker Chongqing Changan Automobile to set up a company engaged in the research and development, design, and sales of intelligent automotive systems and component solutions, according to a Sunday filing on the Shenzhen Stock Exchange. "The two parties will jointly support the target company to become an industry leader in automotive intelligent systems and component solutions based in China," the filing from Changan Auto said.
( 33
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InvestingPro subscribers always get first dibs on market-moving AI analsyt comments.
( 35
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The rise of generative artificial intelligence heralds a new stage of the Industrial Revolution. This phase will be just as disruptive---and transformative---as the previous ones.
( 30
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Investing.com -- With investors on tenterhooks over when global interest rates might start to fall, upcoming inflation data this week will be in focus. OPEC+ meets to discuss oil output cuts and data from China will give fresh insights on the economic outlook for the world’s number-two economy. Here’s what you need to know to start your week.
( 36
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The China megabank bought its U.S. broker-dealer 13 years ago for practically nothing. It got more than it bargained for.
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Industry experts weigh in on which designations offer the most opportunities for financial professionals.
( 20
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(Bloomberg) -- Emerging-market stocks and currencies are heading for their best month since January, but there are major pitfalls ahead that could derail the rally. Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Releases Second Group of Hostages Following DelaysHamas Says Next Hostage Release to Israel Is Back On After DelayHamas Frees 24 Hostages From Gaza as Israel Truce HoldsThe headwind
( 36
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Withholding tax is income tax that is withheld from an employee's wages and paid directly to the government by the employer.
( 30
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The key difference between deferred compensation plans and 401(k)s is the amount of money that can be saved for retirement.
( 23
min )
A side-by-side comparison of the features of SEP IRAs and Roth IRAs.
( 22
min )
A 403(b) plan and a Roth IRA are both vehicles used for retirement savings. Learn the definitions and differences between the two.
( 27
min )
Use this Roth IRA calculation method to determine your contribution limits for tax purposes.
( 28
min )
Inheritance tax is a tax imposed on those who inherit assets from an estate. Learn who must pay inheritance taxes and how they are calculated.
( 28
min )
Savings is as crucial as ever while we deal with life changes and our needs for the future. Here are some essential steps to get started now.
( 23
min )
Industry experts weigh in on which designations offer the most opportunities for financial professionals.
( 20
min )
Schiphol heeft Pieter van Oord zondag benoemd tot topman. Hij is de opvolger van Ruud Sondag, die sinds november vorig jaar interim-CEO was.
( 4
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Het is nauwelijks meer te doen om AI-foto's van echt te onderscheiden. Mensen bestempelen gegenereerde nepgezichten inmiddels vaker als echt dan daadwerkelijk menselijke foto's. Deze ontwikkeling levert problemen op: binnenkort kun je je ogen niet meer geloven.
( 11
min )
Het is nauwelijks meer te doen om AI-foto's van echt te onderscheiden. Mensen bestempelen gegenereerde nepgezichten inmiddels vaker als echt dan daadwerkelijk menselijke foto's. Deze ontwikkeling levert problemen op: binnenkort kun je je ogen niet meer geloven.
( 11
min )
Woordvoerder Andy Stone van Facebook-moederbedrijf Meta wordt gezocht door de Russische autoriteiten. Waar de in Washington woonachtige Stone van wordt verdacht, is niet duidelijk.
( 8
min )
De politie in China doet onderzoek naar Zhongzhi, een grote vermogensbeheerder die afgelopen week al waarschuwde voor grote financiële problemen. Het bedrijf, dat opereert als een zogenoemde schaduwbank, zei toen dat ze zo'n 60 miljard euro aan betalingsachterstanden hebben.
( 8
min )
Tientallen Amerikaanse staten beschuldigen socialemediabedrijf Meta van het illegaal verzamelen van persoonlijke data van kinderen jonger dan 13 op Instagram.
( 9
min )
Scheepsbouwer Damen Shipyards heeft een opdracht gekregen van de Portugese marine voor het ontwerp, de bouw en uitrusting van een multifunctioneel schip. Het is het eerste schip ter wereld dat oceaanonderzoek combineert met de inzet van drones, maakte het in Gorinchem gevestigde concern bekend.
( 8
min )
Door Europese renteverhogingen wordt geld lenen steeds duurder. Ook in 2024 gaan rentes weer omhoog. Daarom is het extra goed om op te letten als je even rood staat of een lening afsluit om een grote aankoop te betalen.
( 11
min )
A large swath of China's US-bond holdings is not accounted for in official Treasury data, Brad Setser wrote for the Council on Foreign Relations.
( 34
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(Bloomberg) -- Inflation gauges in the US and euro zone are set to show the smallest annual increases since early or mid-2021, reinforcing sentiment that interest rates won’t be raised again.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Says Next Hostage Release to Israel Is Back On After DelayHamas Releases Second Group of Hostages Following DelaysHamas Frees 24 Hostages From Gaza as Isra
( 37
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Employers must make contributions to a SEP IRA by the tax-filing deadline for the year in which they are made.
( 23
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(Bloomberg) -- Chinese authorities said they recently opened criminal investigations into the money management business of Zhongzhi Enterprise Group Co., days after the embattled shadow banking giant revealed a shortfall of $36.4 billion in its balance sheet.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Says Next Hostage Release to Israel Is Back On After DelayHamas Frees 24 Hostages From
( 35
min )
When I retired in September 2022, my 401(k) was invested aggressively (90/10 split between stocks to bonds) and lost approximately 30%. I left the 401(k) invested in mutual funds in hopes it would gain back some of the losses. A year later it has gained back approximately 20%. I'm not required to take RMDs for […] The post Ask an Advisor: I’m 5 Years Away From RMDs But Recently Lost 30% of My 401(k). Should I Stay Aggressive to Regain My Losses or Rebalance? appeared first on SmartReads by Smart
( 36
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I’m 77 years old and I requested my 401(k) fund administrator to prepare my RMD. I was told I do not have to withdraw my money if I am still employed. Please confirm if this in fact an IRS rule or that of the fund management company? -Bea That is correct, Bea. If you are […] The post Ask an Advisor: I’m 77 and Still Working. Is it True That I Don’t Have to Take RMDs? appeared first on SmartReads by SmartAsset.
( 34
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Some Democratic states and cities want to ban gas stoves and other appliances, but utilities say they need to invest in their aging gas infrastructure.
( 29
min )
Homebuyers have been suffering the slings and arrows of outrageous fortune of late.
( 35
min )
The classic 60-40 portfolio was never meant to be the end-all, be-all portfolio—it’s just “a good starting place," according to Vanguard's Todd Schlanger.
( 37
min )
Credit-card utilization and delinquency rates are on the rise.
( 28
min )
(Bloomberg) -- A recession in the euro area is looking increasingly likely as the economic downturn persists in the final quarter of the year, private-sector activity surveys showed.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Says Next Hostage Release to Israel Is Back On After DelayHamas Frees 24 Hostages From Gaza as Israel Truce HoldsModi’s Nation-Building Push Sparks $125 Billion Ral
( 35
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On a weekday afternoon at Red Rock Coffee, the cafe known for spotting venture capitalists in Silicon Valley, one is likely to overhear a few conversations in Mandarin. Since China reopened its border this spring after three years of COVID-19 restrictions, managers of U.S. funds in the country have been flocking to the Bay Area. USD-denominated funds in China have long been drawing inspiration from Silicon Valley startups, using them as benchmarks for investment targets back home.
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min )
Negative news and a share-price slump have reignited calls for the German crop-and-pharmaceutical group to spin off businesses.
( 29
min )
Tesla and Bitcoin-related stocks are powering up a meme-themed ETF. Why AMC and Gamestop aren't helping.
( 27
min )
DigitalOcean (NYSE:DOCN), a leading American cloud provider helping start-ups and small and medium-sized businesses (SMBs) scale cloud-stored data, is capitalizing on the AI revolution in cloud computing. DOCN is a growth-focused opportunity that is still trading below its Q2 peak while making waves in the increasingly demanding AI and machine learning (ML) arenas. Strategic initiatives, impressive earnings, and an imminent leadership change present a bullish growth opportunity I wouldn’t want t
( 35
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The collapse of Southland Royalty, a private equity-backed oil-and-gas explorer that owned fields in Wyoming’s Green River basin and New Mexico’s San Juan Basin, in early 2020, was unremarkable in many ways.
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Insiders and investors say the bank’s board, headed by Urs Rohner, was ultimately responsible for its fate.
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If you’re married filing separately, living together or apart affects whether (or how much) you can put in an IRA and what the deductible is.
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Trans Mountain said it booked a net loss in the third quarter because of a goodwill impairment charge.
( 28
min )
Brennan and Erin Schlagbaum, who paid off more than $300,000 of debt and hit a seven-figure net worth, share the three index funds they invest in.
( 36
min )
The housing sales slowdown will last awhile, as no one is selling their home unless they absolutely have to, according to Redfin's CEO.
( 34
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Independent broker-dealers are a great choice for experienced, self-starter planners who have established practices.
( 19
min )
U.S. citizens and resident aliens with foreign income can claim the foreign tax credit to offset income taxes paid abroad and limit double taxation.
( 27
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A full-time student is a legal tax status important for determining exemptions. Learn how your status as a full-time student impacts college financial aid.
( 27
min )
Employers must make contributions to a SEP IRA by the tax-filing deadline for the year in which they are made.
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Business expenses are costs incurred in the ordinary course of business. Business expenses are tax-deductible and are always netted against business income.
( 24
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Earned income includes wages, salaries, bonuses, commissions, tips, and net earnings from self-employment. On your taxes, it is treated differently than unearned income.
( 28
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Billionaire rapper and entrepreneur Jay-Z sat down with CBS Mornings' co-host, Gayle King, in a rare interview that aired on CBS last week. He has a net worth of $2.5 billion as of November 2023 and has amassed his wealth over the years through music and a series of successful investments.
( 22
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Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how to fill out the form.
( 29
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For 2023 taxes filed in 2024, the Child Tax Credit is $2,000 for children under age 17. Up to $1,600 of that amount is refundable. Learn what it means for your taxes.
( 28
min )
The Additional Child Tax Credit is the refundable part of the Child Tax Credit. The refundable credit was revamped under the Tax Cuts and Jobs Act.
( 28
min )
Read about the causes of currency devaluation and how to differentiate between relative and absolute currency devaluation.
( 24
min )
A capital gains tax is a levy on the profit that an investor makes from the sale of an investment such as stock shares. Here's how to calculate it.
( 33
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Donating to charity is a great way to show your giving spirit and save money on your taxes at the same time.
( 26
min )
If you’re married filing separately, living together or apart affects whether (or how much) you can put in an IRA and what the deductible is.
( 28
min )
The Canada Revenue Agency (CRA) or Agence du Revenu du Canada is the federal department that collects taxes and administers the tax laws of Canada.
( 26
min )
A withholding is the portion of an employee's wages that is sent directly to government tax authorities as payment of estimated taxes.
( 25
min )
Scheepsbouwer Damen Shipyards heeft een opdracht gekregen van de Portugese marine voor het ontwerp, de bouw en uitrusting van een multifunctioneel schip. Het is het eerste schip ter wereld dat oceaanonderzoek combineert met de inzet van drones, maakte het in Gorinchem gevestigde concern bekend.
( 8
min )
Vijf dagen lang was Sam Altman geen directeur van OpenAI. En toen was hij het weer wel. Een week geleden vond de grootste techsoap van dit jaar plaats. Nog steeds is niet helemaal duidelijk wat er nou precies is gebeurd.
( 11
min )
Het aantal burgers uit de Europese Unie dat door het Verenigd Koninkrijk wordt geweigerd is vervijfvoudigd sinds de Brexit, blijkt uit cijfers van het Britse ministerie van Binnenlandse Zaken.
( 10
min )
Black Friday heeft miljoenen transacties opgeleverd: winkels en online shops verkochten dit jaar meer dan ooit. Volgens betaalplatform iDEAL is een recordaantal van 7,1 miljoen betalingen verricht.
( 8
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Black Friday heeft miljoenen transacties opgeleverd: winkels en online shops verkochten dit jaar meer dan ooit. Volgens betaalplatform iDEAL is een recordaantal van 7,1 miljoen betalingen verricht.
( 8
min )
Vijf dagen lang was Sam Altman geen directeur van OpenAI. En toen was hij het weer wel. Een week geleden vond de grootste techsoap van dit jaar plaats. Nog steeds is niet helemaal duidelijk wat er nou precies is gebeurd.
( 11
min )
Nieuwe smartphones worden steeds duurder. Ook dalen ze na introductie minder snel in prijs. Vijf jaar geleden was een telefoon drie maanden na introductie al honderden euro's goedkoper. Nu moet je een half jaar wachten op een gunstiger prijskaartje.
( 11
min )
Shares of Roomba-maker iRobot closed up nearly 40% on Friday following a report that Amazon's acquisition of the company is set to be approved by European regulators.
( 34
min )
A majority of OpenAI board members seemed increasingly uneasy about Sam Altman’s plans to build a big business. Investors do not share their qualms.
( 37
min )
Musk backing an antisemitic post on the platform last week has led several companies including Walt Disney and Warner Bros Discovery to pause their advertisements on the site formerly called Twitter. X has struck back and sued media watchdog group Media Matters, alleging the organization defamed the platform with a report that said ads for major brands including Apple and Oracle had appeared next to posts touting Adolf Hitler and the Nazi party.
( 33
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Today's best nationwide CD rates include 6.00% from Securityplus Federal Credit Union and 5.80% from Seattle Bank, with a top rate of 5.85% available on the leading jumbo CD.
( 21
min )
The stock market seems to have some real momentum behind it, momentum that could turn a Thanksgiving upturn into a full-blown end-of-year rally.
( 34
min )
(Bloomberg) -- Brazil’s state-controlled oil giant Petrobras announced a 31% increase to its five-year investment plan in a major shift away from the cost-control strategy that had prevailed under previous management.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Frees 24 Hostages From Gaza as Israel Truce Holds‘Fear Gauge’ Hits 2020 Low as Stocks Up This Week: Markets WrapXi Tolerance for
( 35
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JPMorgan Chase & Co. (NYSE:JPM), the world's largest publicly traded bank by market cap, issues market and stock predictions throughout the year. The bank has a cautious outlook on the economy for 2023, as it expects the Federal Reserve to raise the benchmark interest rates again in the near term. While the inflation levels remained flat in October, raising hopes regarding a pause on further rate hikes, JPMorgan CEO Jamie Dimon expects the Fed to resume rate hikes next year. "Personally, I think
( 36
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Several previously beaten-down sectors have been among the rally’s biggest gainers.
( 30
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KPMG has frozen the salaries for 12,000 workers across the UK as “Big Four” firms continue to grapple with the sharp slowdown in the deals market.
( 33
min )
The fresh suits come a week after he settled a separate case with a former girlfriend.
( 27
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(Bloomberg) -- It’s the major casualty of November’s sizzling stock rally: Investor caution.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Frees 24 Hostages From Gaza as Israel Truce Holds‘Fear Gauge’ Hits 2020 Low as Stocks Up This Week: Markets WrapSandy Hook Families Offer Alex Jones Two Ways Out of BankruptcyThanks to what’s shaping up to be one of the biggest market meltups over the la
( 36
min )
A lawsuit challenging Vanguard's handling of changes to its target-date retirement funds is moving forward.
At the end of 2020, Vanguard lowered the minimum investment in the institutional versions of its targe
( 24
min )
Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover. The post ‘Dire’ scenario for shipping lines more likely as spot rates fall back appeared first on FreightWaves.
( 35
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Coinbase shares took off along with the price of Bitcoin, and as the exchange benefited from a legal settlement by larger rival Binance.
( 19
min )
The US dollar has initially fallen a bit against the Japanese yen during the trading week, testing the ¥147.80 level. At this point, the market has turned around for a massive hammer.
( 34
min )
As the holiday season begins, people are ramping up their shopping lists ahead of Christmas. With the Federal Reserve holding the benchmark interest rates steady, overall spending levels are expected to remain robust in the upcoming months as people gear up for major sale days such as Black Friday or Boxing Day. The National Retail Federation (NRF) expects total sales in November and December to rise by 3% to 4% year over year, in line with the average holiday spending growth rate of 3.6% betwee
( 36
min )
I am 65 and at the absolute peak of my earnings. I'm also in the 35% tax bracket and am not looking to retire soon. I need $30,000 for a home project. I have enough to take it out of … Continue reading → The post Ask An Advisor: I'm 65, Earning at My ‘Absolute Peak' and Won't Retire Soon. Should I Use My Roth IRA for a $30K Home Improvement Project? appeared first on SmartAsset Blog.
( 37
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Microsoft Corp. Co-Founder Bill Gates is celebrated for his monumental role in the tech world and is known as one of the planet's wealthiest people. Yet, an intriguing “what-if” scenario arises: Had he “diamond-handed” his Microsoft shares — a term in finance meaning to hold onto assets through market ups and downs — his wealth might have soared to unmatched levels. A resurfaced article from 2021 amplifies this speculation: What if Gates had kept his initial Microsoft stakes? Could he have outpa
( 36
min )
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Nvidia shares slipped on word the chipmaker delayed the launch of a new AI semiconductor designed to comply with new U.S. export rules.
( 19
min )
(Bloomberg) -- In the blink of an eye, Argentine President-elect Javier Milei pivoted away from advisers advocating for his most dramatic campaign promises, choosing Wall Street veterans closer to former leader Mauricio Macri.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageXi Tolerance for Property Pain Nears Limit as Rescue EmergesBond Rally Shows Signs of Stalling as Stocks Waver: Markets WrapDublin Night of Riots Leaves City With Trail of Destr
( 35
min )
(Bloomberg) -- Walgreens Boots Alliance Inc.’s international unit Boots is transferring its $6 billion (£4.8 billion) pension plan to a financial services company, a deal that could pave the way for a sale of the pharmacy chain.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageXi Tolerance for Property Pain Nears Limit as Rescue EmergesBond Rally Shows Signs of Stalling as Stocks Waver: Markets WrapDublin Night of Riots Leaves City With Trail of Des
( 34
min )
(Bloomberg) -- iRobot Corp., the vacuum-cleaner maker that Amazon.com Inc. is proposing to buy in a billion-dollar deal, soared by the most in nearly three years on a report that European Union regulators plan to clear the merger.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageXi Tolerance for Property Pain Nears Limit as Rescue EmergesBond Rally Shows Signs of Stalling as Stocks Waver: Markets WrapDublin Night of Riots Leaves City With Trail of D
( 34
min )
Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago. The investment giant -- which sold a stake worth $36 million in Paytm in 2021, at a profit -- sold its remainder position on Friday for $121.6 million, according to disclosure by the local Indian stock exchange. Berkshire secured a return of $157 million on its ~$260 million investment in Paytm.
( 34
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Freight brokerages typically can stay afloat during trucking recessions. But the ongoing, severe downturn has slammed third-party logistics companies. The post The biggest freight brokerage layoffs and bankruptcies in 2023 appeared first on FreightWaves.
( 39
min )
"Thrifty behavior has been climbing up the income ladder," reads a note from Morgan Stanley.
( 35
min )
Amazon's $1.4 billion deal to buy smart vacuum cleaner company iRobot is set to win full EU antitrust approval, according to a report.
( 19
min )
OPEC+ has moved closer to a compromise with African oil producers on 2024 output levels, three OPEC+ sources told Reuters, after disagreements over those targets forced the group of oil-producing nations to postpone a key meeting. OPEC members Angola and Nigeria were aiming for a higher oil output allowance, officials told Reuters on Thursday. The postponement of the meeting of Organization of the Petroleum Exporting Countries and allies such as Russia, known as OPEC+, from Nov. 26 to Nov. 30 sent oil prices sharply lower.
( 33
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Artificial intelligence, AI, has been a staple of science fiction for decades, but it has been making waves in the real world for quite some time. Numerous advanced technologies, from autonomous vehicles to CT and MRI scanning, depend on AI to function. Moreover, over the past year, generative AI has gained substantial popularity, particularly since the ChatGPT bot showcased how the technology can replicate human interaction in our online communication. It’s not quite Data from Star Trek, but AI
( 38
min )
The U.S. has built a fortress to keep out Chinese EVs, even as millions sell around the world.
( 28
min )
Nvidia stock has more than tripled this year but it can’t seem to break above the $500 mark. Even another stellar set of quarterly earnings couldn’t make it happen.
( 22
min )
OpenAI crossed the Rubicon this past week—going back to the way things simply is no longer an option and teams may now scatter to the wind.
( 36
min )
The main three U.S. stock indexes are set for their fourth consecutive weekly gains, driven by hopes that the Federal Reserve is done hiking interest rates and signs the U.S. economy remains resilient. The benchmark S&P 500 is about 1% away from setting a new high for the year.
( 34
min )
Buying vehicles directly from consumers improves profit margins and allows dealers to reduce prices, finance chiefs say.
( 27
min )
After a summer of spending on experiences, Americans are on the hunt for deals. This year’s Black Friday features cheaper prices than a year ago, with many retailers expecting a cautious-but-strong consumer this holiday s
( 25
min )
Walmart is well-positioned for the holiday season, according to an analyst, as Black Friday kicks off, and a report says Nvidia is delaying the launch of a new artificial-intelligence chip.
( 23
min )
(Bloomberg) -- Italian telecom operator Fastweb is exploring a potential deal for Vodafone Group Plc’s Italian operations, according to people with knowledge of the matter. Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsIsrael-Hamas War Truce to Begin Fri
( 34
min )
(Bloomberg) -- Investors flocked into equities at the fastest pace in almost two years, according to Bank of America Corp.’s Michael Hartnett, as wagers of peak interest rates grow.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Frees 24 Hostages From Gaza as Israel Truce Holds Steady‘Fear Gauge’ Hits 2020 Low as Stocks Up This Week: Markets WrapXi Tolerance for Property Pain Nears Limit as
( 34
min )
A new report predicts up to $70 billion could pour into Bitcoin if a spot ETF is approved.
( 33
min )
We asked five financial advisors to share their most surprising year-end financial-planning or investing tips.
( 34
min )
Saudi Arabia may want to cut oil production further, but it will take political finesse.
( 30
min )
(Bloomberg) -- Shares in Asia were mixed while Treasuries fell after declines in European bonds, eroding a November rally in US debt. Oil extended losses.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsIsrael-Hamas War Truce to Begin Friday Morning, Qatar
( 35
min )
The term premium is defined as the added yield or return investors demand for bearing the risk associated with holding longer-term debt.
( 25
min )
The Magnificent Seven have rallied 107% this year versus 3% for an equally weighted version of the S&P 500. Why smaller tech stocks are poised for the next big move.
( 30
min )
DraftKings stock has been a good bet all year but ARK Invest's Cathie Wood seems to think the odds of the rally continuing don’t look great.
( 21
min )
(Bloomberg) -- China is ramping up pressure on banks to support struggling real estate developers, signaling President Xi Jinping’s tolerance for property sector pain is nearing its limit. Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsIsrael-Hamas War Tr
( 37
min )
(Bloomberg) -- Treasuries fell as they reopened after Thanksgiving, following a slide in European bonds that was caused by concerns of a burgeoning supply and the potential that central banks will keep rates higher for longer. Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest
( 33
min )
Brennan Schlagbaum is maxing out his HSA each year, not touching the money, and letting it grow tax-free over time.
( 36
min )
While the market expects some cutbacks, it could go even deeper, says Anas Alhajji.
( 35
min )
(Bloomberg) -- While Cathie Wood has been touting her bullish stance on Bitcoin in recent months, her firm ARK Investment Management actually cut holdings in the Grayscale Bitcoin Trust.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsAsia Stocks Set to Ope
( 33
min )
The Indian rupee ended at a record closing low on Friday, weighed down by weakness in its Asian peers and dollar demand from foreign banks. Foreign banks were seen bidding for U.S. dollars on Friday, likely on behalf of custodial clients, a foreign exchange trader at a private bank said. Asian currencies edged lower as well, with the Thai baht and Korean won leading losses, falling 0.6% and 0.5%, respectively.
( 34
min )
What do financial certifications actually mean? We decode the meaning of the many letters that can follow the names of finance professionals.
( 28
min )
Today's best nationwide CD rates include 6.00% from Securityplus Federal Credit Union and 5.80% from Seattle Bank, with a top rate of 5.85% available on the leading jumbo CD.
( 20
min )
From SEO strategies to thought leadership and and a digital presence, to the right marketing mix for your budget, these approaches can help you grow your practice.
( 24
min )
Form 1041 is an IRS tax return to report income generated by assets held in an estate or trust.
( 27
min )
The reasons for a delay in getting your tax refund can range from incorrect information on your tax forms to a debt offset or even identity theft.
( 27
min )
U.S. equities were mixed and little changed, with the S&P 500 up 0.06%, on the shortened Black Friday trading session following the Thanksgiving holiday.
( 16
min )
Coinbase shares took off along with the price of Bitcoin, and as the exchange benefited from a legal settlement by larger rival Binance.
( 17
min )
Shares of Apple Inc. fell about 1% Friday after reports indicated iPhone sales during China’s 2023 Singles Day shopping event fell about 4% from last year.
( 17
min )
iRobot shares soared on a report European regulators will give the go-ahead for Amazon's acquisition of the Roomba vacuum manufacturer.
( 18
min )
Completing Form 2441, Child and Dependent Care Expenses, isn't difficult. Learn when to use it, how to fill it out, and how to include it when filing your tax return.
( 29
min )
The tax implications for a foreign investor will depend on whether that person is classified as a resident alien or nonresident alien.
( 25
min )
This designation is highly relevant as it allows you to help the middle and lower-income population in America.
( 22
min )
Form 4797 is used to report gains made from the sale or exchange of business property, including but not limited to property used to generate rental income.
( 24
min )
Nvidia shares slipped on word the chipmaker delayed the launch of a new AI semiconductor designed to comply with new U.S. export rules.
( 17
min )
Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit is an IRS form for owners and manufacturers of certain new electric motor vehicles.
( 27
min )
While there are many types of Form 1099, they all serve to report non-employment income to the IRS.
( 27
min )
Form 1065: U.S. Return of Partnership Income is a tax document issued by the IRS used to declare the profits, losses, deductions, and credits of a business partnership.
( 25
min )
A currency trader enters a forex hedge to protect an existing or anticipated position from an unwanted move in the foreign currency exchange rates.
( 24
min )
Risk measures give investors an idea of the volatility of a fund relative to its benchmark index. Discover more about risk measures here.
( 21
min )
A gap is an area on a technical chart where an asset's price jumps higher or lower from the previous day’s close.
( 26
min )
A tax identification number (TIN) is used by the IRS as a tracking number for tax purposes and is required information on all tax returns. It also has other purposes.
( 26
min )
Het leven wordt volgend jaar weer wat duurder. Zo zijn klanten van ING vanaf maart meer geld kwijt voor hun betaalrekening en schroeft waterbedrijf Vitens begin volgend jaar zijn tarieven op. Dat hebben beide bedrijven vrijdag bekendgemaakt.
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min )
Het UWV gaat alle boetes terugdraaien die het had uitgedeeld na een scan die controleerde of werklozen in Nederland bleven. De uitkeringsinstantie had daar geen toestemming voor en draait daarom 703 straffen terug. Het UWV gaat deze zaken opnieuw bekijken.
( 8
min )
De rechtstreekse trein tussen Amsterdam en Londen rijdt volgend jaar zes maanden niet. Dit komt door werkzaamheden op station Amsterdam Centraal. Tussen juni en december 2024 moeten reizigers daarom op zoek naar een alternatief.
( 9
min )
Werknemers van Amazon hebben op Black Friday in meerdere Europese vestigingen het werk neergelegd. Ze eisen meer loon en betere arbeidsomstandigheden. In Nederland was rond het middaguur in het Amsterdamse Amazon-kantoor een actie aangekondigd.
( 9
min )
Door de verkiezingsuitslag van dinsdag ligt het niet voor de hand dat klimaat een prominent thema wordt voor een toekomstig kabinet. Grote winnaar Geert Wilders wil de Klimaatwet zelfs "door de shredder" halen. Bij milieuorganisaties is de uitslag ingeslagen als een bom.
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min )
Reclames voor Black Friday vliegen ons al weken om de oren. Je kunt op deze koopjesdag nieuwe producten vaak met flinke kortingen aanschaffen, maar daar hangt wel een prijskaartje aan.
( 10
min )
Op 24 november is het Black Friday. Eerder was dat één dag waarop winkels hun producten met korting verkochten., maar inmiddels stunten ze wekenlang met aanbiedingen. Laat jij je op Black Friday verleiden tot aankopen? Of let je juist niet op alle kortingen?
( 9
min )
Sekswerkers kunnen voortaan makkelijker een zakelijke rekening openen. Daarvoor moeten ze wel een uitdraai van hun belasting- of btw-aangifte laten zien.
( 9
min )
De Finse stroomprijs is vrijdag diep in de min gegaan door een foutje van een beurshandelaar. Daardoor krijgen Finnen 's middags en 's avonds geld toe als ze stroom verbruiken.
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min )
In Nederland reden begin dit jaar ruim een half miljoen elektrische auto's, waarvan de helft in bezit is van particulieren. Die zijn opvallend vaak mannelijk, tussen de veertig en de zestig jaar en ze hebben veelal een hoog inkomen.
( 9
min )
Huizenkopers en bouwbedrijven zijn bang dat het overvolle stroomnet steeds meer problemen geeft op de woningmarkt. Recent zijn enkele nieuwbouwprojecten geraakt doordat er geen stroomaansluitingen beschikbaar zijn. Dat zou de komende jaren steeds vaker kunnen gebeuren.
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min )
A deferred tax asset is a line item on a company's balance sheet that reduces its taxable income.
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Tax season is the period between Jan. 1 and about April 15 of each year when taxpayers get ready to report their taxable income for the previous year.
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min )
An in the money put option occurs when the current market price of the underlying security is below the strike price of the put option. Learn more here.
( 27
min )
Form 8880: Credit for Qualified Retirement Savings Contributions is an IRS form used to claim the retirement saver's credit on an individual's taxes.
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min )
Retirement planning helps determine retirement income goals, risk tolerance, and the actions and decisions necessary to achieve those goals.
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min )
With Apple in the top spot, these are the biggest companies in the world by market capitalization.
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min )
Obtaining a financial certificate can land you a long, profitable career at an affordable price.
( 27
min )
A key aspect of investing is measuring your results. This information in and of itself is meaningful, but it doesn’t tell the whole story.
( 28
min )
Form 1040EZ was the shortest version of form 1040, designed for taxpayers with basic or simple tax situations. It is not longer used.
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min )
Get a detailed comparison between life as a stockbroker versus a financial advisor and find out how the two careers differ and may be best for you.
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min )
Donor-advised funds are exploding in popularity among high-net-worth individuals, but these charitable giving vehicles have been criticized as well.
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min )
While early withdrawals aren’t recommended, an often-overlooked feature of the Roth IRA lets the account work as an emergency fund.
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min )
De CO2-uitstoot in ons land is sinds 2010 gedaald ondanks dat de economie de afgelopen jaren groeide. Huishoudens gebruiken steeds minder fossiele brandstoffen zoals gas. En dat is goed voor het klimaat.
( 9
min )
De Duitse regering houdt zich dit jaar niet aan het schuldenplafond dat het land normaal gesproken heeft. Dit komt doordat de oosterburen een begrotingsprobleem hebben van 60 miljard euro, na een recent besluit van de rechter.
( 8
min )
De helft van de investeringen van fossiele bedrijven zou tegen 2030 terecht moeten komen bij projecten voor schone energie. Die oproep doet het Internationaal Energieagentschap (IEA), dat ook vindt dat energieconcerns "de waarheid" over het klimaat onder ogen moeten zien.
( 8
min )
Novo Nordisk breidt de productie uit van zijn veelgebruikte diabetesmedicijnen Wegovy en Ozempic. De vraag naar de twee producten is inmiddels zo groot dat het farmabedrijf het bijna niet meer kan bijbenen. Veel mensen zien de middelen als een afslankmiddel.
( 8
min )
De Nederlandse Loterij, bekend als verkoper van Staatsloten, adverteert niet meer op X. Ook webwinkel bol heeft het socialemediaplatform de rug toegekeerd.
( 9
min )
Door de droogte en slechte oogsten in Zuid-Europa blijven de prijzen van olijfolie stijgen. In Spanje en Italië, waar een groot deel van de olijfolie wordt geproduceerd, stijgen de prijzen het hardst.
( 8
min )
De Britse regering stelt strengere eisen aan uitkeringen. Werklozen die na anderhalf jaar nog steeds geen baan hebben gevonden, moeten aan de slag.
( 9
min )
Er worden steeds meer woningen met een groen energielabel verkocht. Bovendien worden huizen met een hoge duurzaamheidsscore voor meer geld gekocht, terwijl minder duurzame huizen juist minder opleveren.
( 8
min )
Novo Nordisk, het farmaceutische bedrijf achter de populaire afslankmiddelen Wegovy en Ozempic, gaat de productie uitbreiden. De vraag naar de afslankmiddelen is inmiddels zo groot dat het bedrijf het bijna niet meer kan bijbenen.
( 8
min )
Energieleveranciers Essent en Vattenfall verhogen bij de jaarwisseling variabele prijzen. Dat is de eerste verhoging sinds begin 2023, die grotendeels door extra belastingen en netbeheerkosten komt. Bij Vattenfall belandt de gasprijs boven de huidige grens van het prijsplafond.
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min )
Amazon (NASDAQ:AMZN) has created massive wealth for long-term investors. Shares of the big tech company have surged a staggering 5,200% in the past two decades. Despite its market-thumping gains, AMZN stock is down 23% from all-time highs due to economic headwinds. But as inflation is brought under control, there is a chance for interest rates to move lower as well, acting as a tailwind for Amazon. For AMZN to regain its all-time highs, it will have to gain 30%, which isn’t out of reach. I am ex
( 35
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Buffett probably wouldn't mind celebrating Thanksgiving at McDonald's, as he grabs breakfast there and owns one of the fast-food chain's gold cards.
( 33
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Half a million dollars might sound like a lot of money, but if you’re approaching retirement, is it enough? If you have $500,000 in a pre-tax IRA and expect $2,000 per month from Social Security, you may have enough money to retire at age 67. A half million dollars is a relatively modest nest egg, […] The post I Have $500k in an IRA and Will Receive $2,000 Monthly From Social Security. Can I Retire at 67? appeared first on SmartReads by SmartAsset.
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How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with the IRS. But even … Continue reading → The post Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Money Can I Give Away Without ‘Incurring a Tax Issue With the IRS?' appeared first on SmartAsset Blog.
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I am approaching the time when I'll take required minimum distributions (RMDs) from my individual retirement account (IRA). I am in a quandary about what I can do with this anticipated largesse of cash. I do not necessarily need the … Continue reading → The post Ask an Advisor: I Don't Need Them ‘Dumped Into My Checking Account.' What Can I Do With RMDs? appeared first on SmartAsset Blog.
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The oil and gas industry faces losses of more than $3 trillion (£2.4 trillion) because of net zero, the International Energy Agency (IEA) has warned.
( 35
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The two-year bond yield has been higher than the 10-year bond yield since July 2022. Don't panic.
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At least in the short run, the tax agency’s moves frustrate lawmakers’ attempts to raise revenue and plug gaps in tax compliance.
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Three major Greek shipping firms have stopped transporting Russian oil in recent weeks in order to avoid U.S. sanctions now being imposed on some shipping firms carrying Russian oil, four traders told Reuters and shipping data showed. The development is a blow to Russia as it narrows the number of shipping firms that are ready to transport Russian oil to consumers in Asia, Turkey, the Middle East, Africa and South America - although traders said Moscow still had enough shipping firms for now. Greek shippers Minerva Marine, Thenamaris and TMS Tankers have stopped transporting Russia oil in recent weeks, the four traders said.
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The Microsoft founder is predicting a utopian world where "we don’t have to work as hard”.
( 34
min )
American Airlines has lashed out at U.S. travel agents in a scathing response to the complaint that the airline's robust distribution strategy was unfair.
( 35
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(Bloomberg) -- Oil options trading took a sharply bearish turn as the OPEC+ producer group postponed a pivotal output-policy meeting to next week. Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageSam Altman, OpenAI Board Open Talks to Negotiate His Possible
( 34
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Sam Altman has returned and the company is to expand its board and explore governance changes, but who won and who lost in its new power structure?
( 30
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Is it a viable plan to use my 401(k) for the eight years between retirement (age 62) and the max payout age for Social Security (age 70)? I have about $750,000 and I’m planning to take about $1,700 per month. I already have a pension of about $1,500 per month. –Lynne Waiting to file for […] The post Ask an Advisor: Should I Delay Social Security and Rely on My 401(k) for 8 Years? I Have $750k in Savings and a Pension appeared first on SmartReads by SmartAsset.
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Why does a financial advisor get a fee of 1% or more? That seems really high. If my return is only 4% (for example, in dividends), I am giving away 25% of my return, which is even worse with a … Continue reading → The post Ask an Advisor: ‘I Am Giving Away 25% of My Return.' Why Does a Financial Advisor Earn a 1% Fee, Even in a Bear Market? appeared first on SmartAsset Blog.
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While retirement may be associated with leaving the workforce behind, most Americans plan to work past the age of 65. In fact, a 2022 study from the Transamerica Center for Retirement Studies found that around 57% of workers plan to … Continue reading → The post Best Work-from-Home Opportunities for Retirees appeared first on SmartAsset Blog.
( 36
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The New York Stock Exchange and the Nasdaq Stock Market will be closed on Thursday in observance of Thanksgiving, as will the U.S. bond market.
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Medical Properties Trust (NYSE:MPW), a REIT involved with medical properties, recently reported its Q3-2023 earnings results, which I’ll discuss in detail. In a nutshell, higher interest rates impacted cash available for distributions and will likely continue to do so for a while longer. Nevertheless, the Federal Reserve is broadly expected to start cutting rates in a few months. As a highly indebted company, Medical Properties Trust will be one of the key beneficiaries. I am bullish on the stoc
( 36
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(Bloomberg) -- When a team of Israeli technocrats that calls itself the “government’s CFO” scans the battlefield with the war against Hamas almost seven weeks in, it sees an accounting ledger with billions of debits stacking up.Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageMcKinsey and Its Peers Are Facing the Wildes
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(Bloomberg) -- Argentine President-elect Javier Milei lauded former central bank president Luis Caputo Wednesday, acknowledging he has the expertise to be the next government’s economy minister. Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageDutch Far-Rig
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BEIJING (Reuters) -China's Zhongzhi Enterprise Group told investors it is heavily insolvent with liabilities of up to $64 billion, more than double its assets, as one of the country's leading wealth managers grapples with a deepening property sector crisis. The firm, which has sizable exposure to China's real estate sector, apologised to its investors in a letter that said it had total liabilities of about 420 billion yuan ($58 billion) to 460 billion yuan ($64 billion). The liabilities compared to Zhongzhi's estimated total assets of about 200 billion yuan ($27 billion), according to the letter, which was issued on Wednesday and was seen by Reuters.
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Bernard Arnault is reshuffling the leadership of his luxury conglomerate.
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"This is quite positive technically, and I expect that gold has begun its push back to new all-time highs."
( 34
min )
A top Citigroup executive asked employees to speak up if they see inappropriate behavior after a managing director sued the company this week, alleging she was sexually harassed by a manager in equities. "No colleague should ever be discriminated against or harassed," Andy Morton, Citigroup's global head of markets, wrote in the memo sent on Tuesday, which referenced a recently filed lawsuit. "We will take decisive action when we determine unacceptable behavior has taken place."
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Demand for chips should trickle down to the semiconductor equipment industry.
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(Reuters) -Bayer held a call with investors on Monday after a raft of bad news led some of them to question whether the German group had been upfront about its prospects ahead of a $5.75 billion bond issuance, three sources familiar with the situation said on Wednesday. The bad news prompted some bond investors to question whether Bayer should sweeten the terms of the deal or outright pull it, one of the sources said. The drug-to-pesticides group priced the investment grade bond on Thursday last week, with the deal closing on Tuesday.
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Broadcom finally completed its $69 billion acquisition of VMware following approval by Chinese regulators.
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Coinbase stands among the few credible crypto exchanges, even as it faces its own regulatory hurdles.
( 28
min )
In the ever-evolving landscape of retirement aspirations, Americans find themselves adjusting their financial targets for the golden years. The new magic number is $1.8 million, up from the previous benchmark of $1.7 million, According to the latest 401(k) Participant Study by Charles Schwab. But the study reveals a noteworthy paradox — while this ambitious goal is acknowledged, confidence levels among participants are not as high. Survey respondents said that accumulating $1.8 million in saving
( 35
min )
Love Thanksgiving food? Here's which staple dish is the top U.S. export.
( 33
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(Bloomberg) -- OpenAI reinstated Chief Executive Officer Sam Altman after hundreds of workers threatened to quit over the ChatGPT creator's ouster, highlighting just how much leverage the tech industry's most valued workers hold right now.Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnNvidia Fails to Satisfy Lofty Investor Expectati
( 34
min )
From a dynamic withdrawal strategy to “geographic arbitrage,” there are plenty of strategies to reduce your tax bill in retirement.
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While the stock market has been recovering since the pullback last year, market volatility remains high as geopolitical tensions persist. The recent crisis in the Middle East has sparked concerns regarding broader regional instability. The weakening economy has caused investors to cause the November rally to halt, with the Dow Jones Industrial Average index declining marginally intraday on Tuesday. The National Retail Federation expects retail sales to grow at the slowest pace in the last five y
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Morgan Stanley analysts anticipate that home prices will fall 3% next year as mortgage rates continue to fall, helping to improve the supply constraints.
( 35
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Paris Hilton's 11:11 Media is pausing an exclusive ad campaign on X following Elon Musk's tweet endorsing an antisemitic conspiracy theory.
( 33
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New Constructs’ David Trainer warns that Nvidia’s stock is “priced for perfection” in a world where the ideal is a rarity at best.
( 37
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Sam Altman is returning to OpenAI but power at the artificial-intelligence startup is still set to be held by its board. Here's who's left and who's come in.
( 28
min )
Dave Liniger on what will happen to real-estate commissions after the bombshell antitrust verdict: “I wish I could tell you; I have no idea.”
( 35
min )
(Bloomberg) -- One of China’s largest shadow banks warned it’s “severely insolvent,” with a debt pile more than two times higher than assets, according to a letter seen by Bloomberg News.Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnNvidia Fails to Satisfy Lofty Investor Expectations for AI BoomHulu for $1, Max for $3: Streaming Se
( 34
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Baidu doesn’t face the challenges Alibaba does, making its stock a more attractive bet on China’s technology sector.
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Deere reports fiscal fourth-quarter earnings of $8.26 a share from equipment sales of about $13.8 billion. Wall Street was looking for profit of $7.46 a share and sales of $13.6 billion.
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"Can barely buy an AK-47 with 600 bucks," a Binance compliance staffer told his boss in 2019, per regulators.
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AT&T director Stephen J. Luczo bought a large block of shares of the media and telecom firm.
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Is there any U.S. trading on Thursday?
No. The New York Stock Exchange, Nasdaq Stock Market and U.S. bond markets will be closed for the Thanksgiving holiday.
What about Black Friday?
The NYSE and Nasdaq will close early, at 1 p.m. ET, on the Friday after Thanksgiving. Bond markets will a
( 23
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(Bloomberg) -- US mortgage rates dropped sharply, capping the biggest four-week slide in nearly a year and spurring a fresh round of applications to purchase homes.Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnSam Altman Returns as OpenAI CEO in Chaotic Win for MicrosoftBinance Pleads Guilty, Loses CZ, Pays Fines to End Legal WoesNvidia Fails to Satisfy Lofty Investor Expectations for AI BoomMcKinsey and Its Peers Are Facing the Wildest Headwinds in
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Analysts praised the earnings but voiced concerns over lost sales to China following U.S. restrictions on chip exports.
( 23
min )
Deere reports fiscal fourth-quarter earnings of $8.26 a share from equipment sales of about $13.8 billion. Wall Street was looking for profit of $7.46 a share and sales of $13.6 billion.
( 26
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The company said it had not found “a viable alternative” to closing down in the months since it hit a clinical setback and laid off staff.
( 34
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Suppose you have $1 million in a Roth IRA and will receive $2,250 each month from Social Security when you become eligible for benefits. Would this be enough to allow you to retire at age 62? The answer to that question could be yes, but there’s a chance it may require you to live on […] The post I Have $1 Million in a Roth IRA and Will Receive $2,250 Monthly From Social Security. Can I Retire at 62? appeared first on SmartReads by SmartAsset.
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"I feel good but fully realize I am playing in extra innings," Buffett wrote.
( 36
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A one-size-fits-all policy may not only lead to legal repercussions but also overlook the diverse needs of a modern workforce.
( 39
min )
Enviva made a wager to buy pellets from a customer and resell them, but then prices fell.
( 28
min )
An OPEC technical panel invited a top financial market dealer to give a presentation this week which painted a bearish outlook for the oil market, according to a presentation seen by Reuters. "Market sentiment had been fragmented for much of this year, but the evidence is that there has been a recent shift in collective sentiment to bearish as we head towards the end of the calendar year," one of the presentation slides by Onyx Capital Group showed.
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Stocks have been surging through this month of November. Both the S&P 500 and the NASDAQ indexes are back within close reach of the peak yearly values hit at the end of July, after their single best month since Oct 2022 – and the month isn’t over yet. The gains have paralleled a drop in bond yields; the 10-year Treasury note touched 5% a few weeks ago, but is now down to nearly 4.4%. Clearly, market sentiment is running positive, and investors are not shy about buying into stocks right now. Supp
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(Bloomberg) -- Alibaba Group Holding Ltd. founder Jack Ma is walking back plans to trim his stake after the Chinese e-commerce heavyweight suffered its biggest selloff in more than a year last week.Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnBinance Pleads Guilty, Loses CZ, Pays Fines to End Legal WoesSam Altman Returns as OpenAI CEO in Chaotic Win for MicrosoftNvidia Fails to Satisfy Lofty Investor Expectations for AI BoomIsrael and Hamas Agree to
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A top Alibaba executive told staff on Wednesday that it was a "coincidence" that a plan by former chief Jack Ma's family trust to sell some shares in firm was disclosed on the same day the firm scrapped its cloud unit's listing. In a move seen as an effort to quell ongoing unease within the e-commerce giant, Jiang Fang, an Alibaba partner and its chief talent officer, said in an post on the firm's intranet seen by Reuters that Ma's office had earlier this year made a plan to sell some shares to reinvest in agriculture and public welfare projects. Investors wiped some $20 billion off Alibaba's market value last Friday after the company abruptly scrapped plans to spin off its cloud and groceries businesses.
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Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The company, based in San Jose, California, announced the plan after China joined the list of countries that had given a go-ahead for the acquisition.
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Microsoft’s quick reaction to OpenAI’s shake-up reframes the investment case for its already popular stock. Its footprint in artificial intelligence makes it seem undervalued.
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I have $800,000 sitting in a money market account because I don't know what else to do with it. My hope was that I could put it in something that can yield around 4-5% growth. I also have $900,000 in my 401(k) that is sitting in minimal-risk accounts with Vanguard. I will be turning 62 […] The post Ask an Advisor: I’m 61 With $900k in My 401(k) and $800K Sitting in a Money Market Account. How Should I Invest? appeared first on SmartReads CMS - SmartAsset.
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(Bloomberg) -- One of the biggest losers from Chinese President Xi Jinping’s crackdown on the private sector has turned into a surprise stock-market winner after overhauling its business model.Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnBinance Pleads Guilty, Loses CZ, Pays Fines to End Legal WoesNvidia Fails to Satisfy Lofty Investor Expectations for AI BoomOpenAI in ‘Intense Discussions’ to Quell Potential MutinyHigher Interest Rates Are Shatteri
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For investors seeking a solid return, few stock segments offer a better mix of risk, reward, and opportunity than healthcare stocks. While these stocks are known for their notoriously long product lead times and high overhead costs, they are also known for their ability to turn sharply on a new catalyst and generate strong returns. That dynamic is part and parcel of the biopharmaceutical research field. The biotech companies spend their capital and efforts – huge amounts of each – on the discove
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Nvidia announced major jumps in revenue and net income in its latest earnings report amid the artificial intelligence boom, but the impact of export controls could hit certain markets.
( 35
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Three of OpenAI's four directors don't actually work at the company, and yet they have total control over Sam Altman's fate.
( 35
min )
Completing IRS Form 8962 is required when claiming the premium tax credit. Read our detailed guide to learn what Form 8962 is and how to file it.
( 29
min )
The benefits of rolling over your 401(k) into an IRA when you change jobs can include more investment choices, lower fees, and greater control over your money.
( 29
min )
Understand how dental insurance works and find out what to look for when comparing policies.
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Before signing up for dental insurance, make sure it will cover what you need while avoiding unexpected expenses. Here are four key factors to investigate.
( 25
min )
IRS Form 4868 allows taxpayers to apply for a six-month extension beyond the tax filing deadline.
( 25
min )
Today's best nationwide CD rates include 6.00% from Securityplus Federal Credit Union and 5.80% from Seattle Bank, with a top rate of 5.85% available on the leading jumbo CD.
( 20
min )
The unified tax provides a set amount you can gift to family and friends during your lifetime and upon death before gift and estate taxes apply.
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The S&P 500 added 0.4% on Wednesday, Nov. 22, 2023, heading into the Thanksgiving break with a bounce back after its five-day winning streak ended Tuesday.
( 17
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The term tax relief refers to various programs that help individuals and businesses lower their tax bills and settle their tax-related debts.
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While food inflation has hit household budgets hard over the last few years, the picture is much better if you look at it over the long run.
( 18
min )
Broadcom finally completed its $69 billion acquisition of VMware following approval by Chinese regulators.
( 17
min )
Nordstrom warned that it was seeing "uncertainty and softening" in consumer spending, and shares declined.
( 17
min )
The IRS says that you can roll a 403(b) plan into a 401(k) plan, or vice-versa, provided your employer permits it.
( 24
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Are U.S. consumers able to keep up the spending spree that’s propped up the economy and prevented a long-anticipated recession? The Black Friday holiday shopping weekend could shed light on that question.
( 19
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Belying more optimistic surveys, retailers in recent weeks have expressed modest holiday sales expectations amid a slowing U.S. economy.
( 20
min )
HP's sales were hampered by a drop in demand, but the company suggested it anticipates artificial intelligence machines could be a key driver of growth next year.
( 17
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To help you compare CDs, savings, and money market accounts, we research more than 200 financial institutions every business day to find the best rates. Here's the criteria we use.
( 24
min )
There is a correlation between inflation and house prices — in fact, there are correlations between inflation and any goods with a limited supply.
( 29
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Personal loan rates moved up to 21.76% this week, adding 19 basis points since last week when the average personal loan rate stood at 21.57%.
( 19
min )
The 1099 series of Internal Revenue Service (IRS) forms helps taxpayers report monies received, as long as they're above a certain threshold.
( 28
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Start your marriage off right: Decide how you will set up your accounts, create a household budget, and don’t forget savings and retirement.
( 26
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While some audits are random, many are triggered by taxpayer activity. These six red flags may grab the attention of IRS reviewers.
( 24
min )
U.S. equities rallied back from Tuesday's declines at midday on Wednesday, Nov. 22, 2023 ahead of the Thanksgiving holiday.
( 17
min )
Shares of Deere sank after its 2024 guidance fell short of estimates as high inflation and interest rates cut into demand.
( 17
min )
Earnings before interest after taxes (EBIAT) is one of a number of financial measures used to evaluate a company's financial performance.
( 22
min )
Oil prices sank 5% Wednesday morning after OPEC+ delayed a meeting scheduled for this weekend to Nov. 30.
( 18
min )
Native Americans have been underrepresented in finance. Here are five people who have made an impact on investing for Native Americans.
( 26
min )
Native-Americans are responsible for a long list of business successes, from well-known restaurant and retail chains to innovative startups.
( 25
min )
Nvidia shares dropped after the chipmaker's earnings beat estimates amid concerns about the impact of restrictions on chip exports to China, but analysts say investors may be underestimating Nvidia's position in the artificial intelligence boom.
( 18
min )
Kraken, a popular bitcoin change, launched cryptocurrency trading operations 2013.
( 25
min )
Binance Coin (BNB) is the native currency of the Binance exchange which follows the ERC 20 standard.
( 26
min )
The expiration date of an option is the last day that an options or futures contract is valid.
( 34
min )
American Express is more than just a popular credit card issuer; it offers competitive savings account rates, too. Learn more about saving money with Amex.
( 21
min )
American Express CD rates can be much higher than average with certain terms, and there’s no minimum balance to open a new CD.
( 21
min )
Most mortgage rates fell or were unchanged Tuesday, with the 30-year mortgage rate average losing 18 basis points to land at 7.69%, just one day after it jumped up 20 basis points.
( 19
min )
Get the most out of contributing to your IRA by understanding how deductions and tax credits work and the limitations placed on them.
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IRS Publication 557 details the rules and regulations that have to be followed by an organization in order to gain tax-exempt status.
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Understand what the capital adequacy ratio is and why it is a very important metric of financial soundness for evaluating investments in banks.
( 24
min )
Money can be made on a stock without owning shares, but short selling carries potentially higher risk and isn't for inexperienced investors.
( 27
min )
Chat GPT maker OpenAI said Sam Altman will return as its CEO with a restructured board, just days after the startup's board dismissed him and he was hired by Microsoft.
( 18
min )
Bankruptcy is a legal proceeding for people or businesses that are unable to repay their outstanding debts.
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A nonce is an encrypted number uniquely identifying a block in a blockchain. Miners rush to decipher the nonce to generate new blocks, confirm transactions, and enhance network security.
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You can invest in both a 403(b) and a 401(k) plan. However, the limit on your total annual contributions remains the same.
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Inventory financing is a revolving line of credit or a short-term loan used primarily by small to medium-sized retail businesses to buy stock.
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A dependent is a person who relies on you for their support. If you claim one or more dependents on your tax return, you may be eligible for certain tax credits.
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Savings accounts are bank or credit union accounts used to hold money temporarily, whereas a Roth IRA is a retirement account for long-term investing.
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A qualified charitable organization is a nonprofit organization that qualifies for tax-exempt status according to the U.S. Treasury.
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min )
De Britse regering stelt strengere eisen aan uitkeringen. Werklozen die na anderhalf jaar nog steeds geen baan hebben gevonden, moeten verplicht aan de slag.
( 9
min )
Gemeenten willen stoppen met het inhuren van payrollarbeidskrachten. In plaats daarvan moeten ze zoveel mogelijk mensen in vaste dienst nemen. Dat is goedkoper, maar het is ook lastiger om op korte termijn vaste werknemers te vinden.
( 9
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Niemand kijkt meer raar op van beeldbellen of een videovergadering. Zonder de komst van webcams was dit niet mogelijk geweest. Het begon dertig jaar geleden allemaal met beelden van een koffiepot.
( 11
min )
Rabobank moet een boete van 26,6 miljoen euro betalen vanwege geheime afspraken met Deutsche Bank over de handel in staatsobligaties. De banken wisselden stiekem marktgevoelige informatie uit en stemden hun prijzen op elkaar af, oordeelt de Europese Commissie.
( 10
min )
Het personeel dat op luchthavens de bagage in en uit het vliegtuig tilt, krijgt een forse loonsverhoging. Over twee jaar komt er gemiddeld 33 procent loon bij. Dat is een grotere salarisstijging dan waar vakbond FNV naar streefde.
( 9
min )
Air France-KLM wordt deels eigenaar van de noodlijdende Scandinavische branchegenoot SAS. Een rechtbank in New York heeft een reddingsplan met daarin een investering van AF-KLM goedgekeurd.
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min )
In deze vierde aflevering duikt Jeroen Kraan de archieven in en doet hij een grote ontdekking. De provincie Noord-Holland heeft meer dan twee decennia lang toegestaan dat er te veel kankerverwekkende stoffen uit een fabriek van Tata Steel lekten.
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min )
Terroristische groeperingen hebben de afgelopen jaren transacties gedaan via Binance. Het grootste cryptoplatform ter wereld krijgt daarom een boete van omgerekend zo'n 4 miljard euro. Ook moet topman Changpeng Zhao het veld ruimen.
( 9
min )
Sam Altman keert terug als topman van OpenAI. Het bestuur van het snel gegroeide bedrijf in kunstmatige intelligentie stuurde hem eind vorige week onverwachts weg. Nu zegt OpenAI met Altman een overeenkomst te hebben gesloten over zijn terugkeer.
( 10
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Sam Altman keert terug als topman van OpenAI. Het bestuur van het snel gegroeide bedrijf in kunstmatige intelligentie stuurde hem eind vorige week onverwachts weg. Nu zegt OpenAI een overeenkomst te hebben gesloten met Altman over zijn terugkeer.
( 9
min )
Tata Steel houdt zich nog altijd niet aan milieuafspraken die de staalfabriek en branchegenoten in 1992 maakten met de overheid. De metaalsector heeft de doelen voor onder meer fijnstof en stikstof nog steeds niet gehaald, blijkt uit onderzoek van NU.nl.
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min )
Maar liefst vijftien politieke partijen willen een einde maken aan kinderopvang in handen van commerciële partijen. Zij vrezen ervoor dat publiek geld in de diepe zakken van investeerders belandt. Experts zetten daar hun vraagtekens bij.
( 11
min )
The tier 1 capital ratio is the ratio of a bank’s core tier 1 capital—its equity capital and disclosed reserves—to its total risk-weighted assets.
( 25
min )
The price of gold broke the $2,000 per ounce mark Tuesday afternoon, the highest price since May, as investors sought a "safe haven" amid turmoil in the cryptocurrency world.
( 18
min )
Today's best nationwide CD rates are 6.00% from SecurityPlus Federal Credit Union, 5.88% from West Town Bank & Trust, and 5.80% from Seattle Bank.
( 19
min )
Since starting to climb in early 2022, CD rates have surged to record levels in every major term. But with more Fed hikes looking unlikely, will rates max out in November?
( 19
min )
Symbotic shares climbed over 40% Tuesday after the Walmart and Softbank-backed maker of AI-powered robotic warehouse systems reported record revenue as it improved margins and deployed new systems.
( 18
min )
Ford is cutting back on its production plans for a Michigan battery plant as electric vehicle (EV) demand wanes.
( 18
min )
The Low-Income Housing Tax Credit (LIHTC) provides an incentive for developers to build, buy, and refurbish housing for low-income taxpayers.
( 23
min )
Withdrawals of earnings from a Roth IRA don’t count as income, but only if you follow the IRS rules.
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min )
Prices are down about 10% from a year ago at this time, as drivers in Texas and 10 other states are seeing average gas prices lower than $3 a gallon.
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The S&P 500 lost 0.2% on Tuesday, Nov. 21, 2023, after several retailers warned that consumers are spending less.
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The chipmaker, which controls the large majority of the AI chip market, seems set to continue to rise with a newly increased forecast through the end of the year.
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The Markowitz efficient set is a portfolio with returns that are maximized for a given level of risk based on mean-variance portfolio construction.
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Understand the benefits and the rules of converting your 401(k) to a Roth. You’ll owe taxes on the money now, but enjoy tax-free withdrawals later.
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Shares of Burlington Stores surged after posting stronger-than-expected earnings and comparable store sales, joining rival "off-price" retailers reporting inflation-weary shoppers are boosting business.
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The world's largest crypto exchange, Binance, has been fined $4.3 billion and its CEO Changpeng Zhao has agreed to step down due to a lack of anti-money laundering compliance.
( 18
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An inactivity fee is a sum charged to consumers who don't execute any transactions
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A Roth 401(k) lets you save more for retirement now and take advantage of tax-free withdrawals later.
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Microsoft offered to hire any resigning employees of ChatGPT maker OpenAI after hiring former OpenAI CEO Sam Altman, amid a shortage of artificial intelligence talent.
( 19
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If you're 45 to 54 years old, retirement planning is likely on your mind. Now is the time to kick your retirement savings into high gear.
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Ex-dividend is a classification in stock trading that indicates when a declared dividend belongs to the seller rather than the buyer.
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Learn how to manage your finances so that making extra money actually equates to getting ahead.
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U.S. equities lost ground at midday on Tuesday, Nov. 21, 2023 as several retailers warned about consumer demand heading into the key holiday shopping period.
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A look at the average cost of winter holiday spending for an American this year, and the areas with the highest and lowest holiday sales in the past.
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Use this checklist to determine IRA eligibility and contribution amounts and methods to grow your retirement account.
( 25
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Best Buy shares fell after it missed revenue expectations and slashed its full-year guidance on a pullback in consumer spending.
( 17
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It can be tough for freelancers to save for retirement, so here’s a step-by-step guide to setting up a retirement plan for the self-employed.
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Lowe's missed quarterly sales estimates and cut its forecast as consumers pulled back on spending for DIY projects, sending shares lower.
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Tax-advantaged refers to any type of investment, account, or plan that is either exempt from taxation, tax-deferred, or offers other types of tax benefits.
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A Roth 401(k), unlike a traditional 401(k), allows for tax-free withdrawals in retirement.
( 25
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In its second action against Kraken this year, the U.S. Securities and Exchange Commission sued the company for operating an unregistered securities exchange and allegedly mixing customer funds with its own.
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High mortgage rates worsened the housing market’s gridlock in October, pushing the pace of home sales down to its lowest in more than a decade.
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A flat tax system applies the same tax rate to all taxpayers regardless of their income bracket.
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Applying for a golden visa, a type of residency-by-investment program, varies by country but typically includes a significant investment in real estate or government bonds followed by a vetting process and payment of fees. The reward is the ability to travel, live, and even obtain citizenship in the host country.
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Microsoft shares edged higher in pre-market trading after hitting a record high on Monday as OpenAI employees threatened to follow former OpenAI CEO Sam Altman to Microsoft, and Zoom reported better-than-expected earnings on improved growth from its larger customers. Here’s what investors need to know today.
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An employee savings plan (ESP) is an employer-sponsored tax-deferred account, funded with contributions and typically used to save for retirement.
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The vast majority of VMware shareholders (ticker: VMW) will get a windfall thanks to the run-up in Broadcom stock (AVGO) since the deal was announced.
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Today's best nationwide CD rates are 6.00% from SecurityPlus Federal Credit Union, 5.88% from West Town Bank & Trust, and 5.80% from Seattle Bank.
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Symbotic shares climbed over 40% Tuesday after the Walmart and Softbank-backed maker of AI-powered robotic warehouse systems reported record revenue as it improved margins and deployed new systems.
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Since starting to climb in early 2022, CD rates have surged to record levels in every major term. But with more Fed hikes looking unlikely, will rates max out in November?
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(Bloomberg) -- Nvidia Corp. investors gave a cool reaction to its latest quarterly report, which blew past average analysts’ estimates but failed to satisfy the loftier expectations of shareholders betting on an artificial intelligence boom.Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnOpenAI in ‘Intense Discussions’ to Quell Potential MutinyBinance and CEO Plead Guilty, Agree to Pay Billions in FinesCitigroup Cuts Over 300 Senior Manager Roles in La
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OpenAI's board of directors has been under pressure following its decision to oust CEO Sam Altman from the artificial intelligence firm and is reportedly in talks to reinstate him.
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Altria stock (NYSE:MO) boasts a hefty 9.6% dividend yield, making its investment appeal stronger than ever. Despite ever-persistent concerns surrounding the tobacco industry and rising interest rates, the U.S.-based tobacco giant consistently delivers solid results, sustaining its hefty dividend and its everlasting growth. In the meantime, the current near-record-high yield not only provides substantial returns but also establishes a considerable margin of safety. Hence, I am bullish on this sto
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A surefire bullish signal is flashing for SHOP
( 34
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Existing home sales dropped 14.6% in October on a year-over-year basis—a new 13-year low.
( 34
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Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
( 34
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(Bloomberg) -- Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao agreed to plead guilty to criminal and civil charges under a deal worked out with the Justice Department, according to the Wall Street Journal.Most Read from BloombergOpenAI in ‘Intense Discussions’ to Quell Potential MutinyCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ous
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The former IBM CEO coined the term “new-collar jobs” a decade ago. Now she says skills-first is more apt—and it’s all the rage.
( 36
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American entrepreneur and businessman Robert Kiyosaki is a vocal opponent of the Biden Administration’s policies. During an interview on the Finance with Sharan podcast, he said, “America is going to be the poorest country in the world, starting now.” Kiyosaki, the author of “Rich Dad Poor Dad,” did the podcast interview while he was in India for Growth Summit India 2023 in September. He explained his visit to Mumbai while on this trip, saying, “I always go to slums. So this time, I went to the
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A report says Jeff Bezos, Amazon's founder, could be selling more stock of the e-commerce and tech company.
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Bank stocks are up more than 13% over the first 14 trading days in November, the best start to a month since February 2021. They could have some momentum behind them.
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The chief executive of the largest global cryptocurrency exchange, plans to plead guilty to violating criminal U.S. anti-money-laundering requirements.
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Charlie Munger is often hailed as the indispensable confidant to Warren Buffett, the legendary investor and chairman of Berkshire Hathaway Inc. Renowned for his wit and wisdom, Munger has become a well-known figure in the investing world. While some may simplify his role as Buffett’s sidekick, Munger’s influence and contributions to Berkshire’s success are undeniable, cementing his stature as a titan of finance in his own right. On a recent episode of the Acquired podcast, Munger shared his thou
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There's been an ongoing debate about whether retirees should abandon the "4% rule" for withdrawals from retirement accounts, a retirement income rule of thumb for decades. The market volatility of recent years made that rule suspect for many new retirees, but a new study from Morningstar finds that the rule can still apply. Do you […] The post The 4% Rule for Retirement Withdrawals Might Finally Be Safe to Use Again, Says Morningstar appeared first on SmartReads by SmartAsset.
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Michael Rothenberg's VC firm, Rothenberg Ventures, had around $50 million in assets under management when it collapsed in 2016.
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Data-analytics software company Palantir receives a share of a contract from England's National Health Service.
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Chip maker Nvidia is set to report its latest quarterly results after the closing bell today. Here's what Wall Street analysts think of the widely h
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Ford will scale back the investment, capacity and the number of jobs planned for an electric vehicle (EV) battery plant in Michigan that has drawn fire from U.S. lawmakers for its use of technology supplied by Chinese battery maker CATL, the automaker said on Tuesday. Ford said it would restart construction of the factory near Marshall, Michigan, after being paused two months ago. The automaker plans to start producing low-cost lithium-iron batteries by 2026 based on technology licensed from CATL.
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U.S. existing home sales dropped to the lowest level in more than 13 years in October as the highest mortgage rates in two decades and a dearth of houses drove buyers from the market. Existing home sales tumbled 4.1% last month to a seasonally adjusted annual rate of 3.79 million units, the lowest level since August 2010, the National Association of Realtors said on Tuesday. October's sales likely reflected contracts signed in the prior two months, when the average rate on the popular 30-year fixed-rate mortgage jumped to levels last seen in late 2000.
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Retailer Kohl's beats quarterly earnings estimates but falls short on sales.
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Tuesday, Wedbush analyst Dan Ives launched coverage of VinFast with a Buy rating and $12 price target.
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China’s State Administration for Market Regulation issued a statement granting the conditional approval Tuesday, VMware and Braodcom should complete their merger on Wednesday.
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(Bloomberg) -- For investors stashing record sums in cash, US bond managers overseeing a combined $2.5 trillion have a bit of advice: It’s time to put that money to work.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama With Coup of Its OwnMusk Defends Himself on X After Antisemi
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Broadcom said it plans to close its $69 billion deal for cloud computing firm VMWare on Wednesday. Broadcom added that it has now received all required regulatory approvals for the purchase after China's market regulator approved the acquisition with additional restrictive conditions earlier on Tuesday.
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Fisker announced chief accounting officer Florus Beuting resigned effective Nov. 14. He took the job Nov. 6. BofA Securities analyst John Murphy has put his rating "under review."
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(Bloomberg) -- Broadcom Inc.’s deal with software maker VMware Inc. has received a list of conditions it must meet to get approval from Chinese regulators, the final hurdle for the companies’ $61 billion merger. Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama With Coup of Its O
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I am trying to decide if I should pay off my house worth about $750,000. I owe around $120,000 on an adjustable-rate mortgage (ARM). On the other hand, my 4.5% interest rate just ended and I know the interest will continue to rise in this economy. My mortgage is $1,450 per month, having risen $400 […] The post Ask an Advisor: I’m a Retired Teacher With a State Pension, Social Security and $550k in Savings. Should I Pay Off My $120k Mortgage? appeared first on SmartReads by SmartAsset.
( 36
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Slow home sales and high interest rates are hurting sales of home-improvement products. It's not good for Lowe's.
( 26
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Apple CEO Tim Cook said he has a "very detailed" succession plan, a far cry from the turbulent handover at OpenAI following Sam Altman's departure.
( 35
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The Chinese tech company reported third-quarter earnings of $2.86 a share on revenue of $4.8 billion.
( 23
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Nvidia is scheduled to report earnings after the close of trading Tuesday, Microsoft stock closes at a record high, and same-store sales at Lowe's fall more than expected.
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(Bloomberg) -- The biggest oil-storage hub in the US — a massive network of tank farms known as the “Pipeline Crossroads of the World” — is rapidly losing its primacy as a signal for domestic supply and demand.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama With Coup of Its Own
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Mining projects are being delayed after a plunge in prices for metals used in batteries.
( 27
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Shares of Nvidia ticked higher in premarket trading Tuesday ahead of the chip maker’s quarterly results, set for release after the closing bell.
Nvidia’s shares recently stood 0.2% higher. They have more than tripled so far in 2023, and closed Monday at at a record high of $504.09.
The stock has b
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The Chinese tech company’s third-quarter profit beat analyst expectations, as revenue rose thanks to growth in online-marketing services and streaming services.
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(Bloomberg) -- Treasury investors are turning increasingly skeptical the Federal Reserve will deliver a soft landing for the US economy next year, elevating concern of a looming recession over the risks posed by inflation and a swelling budget deficit.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends We
( 34
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(Bloomberg) -- Baidu Inc.’s results beat estimates after China’s internet search leader expanded into new businesses such as AI to shield itself from an economic downturn.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama With Coup of Its OwnTech Giants Roar as Nasdaq 100 Hits 22-
( 35
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(Bloomberg) -- Chinese developers’ bonds and shares gained after authorities began drafting a list of 50 real estate firms that would be eligible for financing, the latest move by Beijing to support the embattled property sector.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama W
( 35
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The US.-based asset manager told investors that Blackstone Diversified Multi-Strategy fund will close at the end of the year, the newspaper reported, citing Blackstone. Blackstone did not immediately respond to a Reuters request for comment.
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The big question is what management will say about Nvidia's progress in alleviating supply constraints.
( 21
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Fisker announced chief accounting officer Florus Beuting resigned effective Nov. 14. He took the job Nov. 6.
( 21
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As EV makers in China wage an intense price war to prop up slowing demand, Chinese brands with strong hybrid lineups are emerging as winners, attracting consumers with vehicles with long range that can cost less than gasoline cars. The emerging trend may provide a glimmer of hope for global automakers such as Toyota and Honda who are pursuing "multi-pronged" electrification strategies, as electric vehicle (EV) sales lose momentum in Europe and the U.S., partly because of high auto financing costs. One-third of total vehicle sales by Toyota, the world's top-selling automaker, are already hybrids and the company reported a 34% surge in hybrid sales in the six months to end-September, outpacing 9% growth in overall revenue.
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De huizenprijzen zijn al negen maanden op rij lager dan een jaar eerder, maar het verschil wordt telkens kleiner. Bovendien zitten de prijzen ten opzichte van de zomer alweer in de lift. Ook neemt het aantal woningverkopen weer toe.
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We winkelen online, we doen onze bankzaken via een smartphone en gebruiken het internet om te daten. Waarom stemmen we dan eigenlijk nog steeds ouderwets met het rode potlood?
( 11
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Het private-equitybedrijf van Kim Kardashian heeft zijn eerste investering aangekondigd. De realityster gaat investeren in een bedrijf dat truffelsauzen maakt. Goedkoop is zo'n saus niet: voor een fles betaal je zo'n 20 dollar (ongeveer 18 euro).
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Twee farmaceutische bedrijven zijn in een strijd verwikkeld over de methode die ze hebben gebruikt om coronavaccins te ontwikkelen. Moderna claimt het patent te hebben op de zogeheten mRNA-techniek. BioNTech bestrijdt dat en heeft dinsdag gelijk gekregen van het Europees Octrooibureau.
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Het hulpgeld van de Europese Unie voor de Palestijnen is niet in verkeerde handen gevallen. Dat laat de Europese Commissie weten na eigen onderzoek.
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Europese autoriteiten zijn binnengevallen bij enkele maaltijd- en boodschappenbezorgers. Het gaat om invallen in twee EU-landen. Om welke landen het gaat, is niet duidelijk.
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Het Nederlandse e-bikemerk Qwic is failliet verklaard door de rechtbank Amsterdam. Het was al enkele dagen duidelijk dat de fietsenfabrikant in financiële problemen zat, want vorige week vroeg het bedrijf uitstel van betaling aan. Daarop volgt vaak een faillissement.
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Een deel van de ontvangers van een Wajong-uitkering hoeft dit en volgend jaar toch geen gemeentelijke en waterschapsbelasting te betalen.
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Socialemediaplatform X heeft maandag de Amerikaanse onderzoeksgroep Media Matters aangeklaagd. De groep onthulde dat het platform advertenties toestaat bij antisemitische berichten. Bedrijven als Apple, Disney en IBM besloten daarop hun reclames op X op te schorten.
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Bij de aanschaf van nieuwe auto's genieten elektrische en hybride auto's de voorkeur. Slechts 30 procent van de in oktober nieuw geregistreerde auto's in Nederland rijdt op benzine of diesel. In de hele Europese Unie is dat aandeel nog 45 procent.
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Gesnotter en gehoest heeft in oktober tot meer ziekmeldingen dan in september geleid. Arbodienstverleners ArboNed en HumanCapitalCare verwachten dat de impact van de griep nog verder toeneemt.
( 9
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Het werk in de zorgsector wordt steeds vaker gedaan door zelfstandigen. Met name onder verloskundigen, huisartsen en fysiotherapeuten werken velen als ondernemer. Vorig jaar waren 178.000 mensen in de zorg eigen baas. In 2021 waren dat er nog 156.000.
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Brancheorganisatie Jeugdzorg Nederland en vakbonden FNV, CNV en FBZ hebben een onderhandelaarsakkoord over een nieuwe cao bereikt. Medewerkers krijgen in 2024 9,25 procent meer loon. Ook stijgen de lonen in 2025 met 3 procent en wordt er inflatiecompensatie toegepast.
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Brancheorganisatie Jeugdzorg Nederland en vakbonden FNV, CNV en FBZ hebben een onderhandelaarsakkoord over een nieuwe cao bereikt. Medewerkers krijgen in 2024 9,25 procent meer loon. Ook stijgen de lonen in 2025 met 3 procent en wordt er inflatiecompensatie toegepast.
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De gevolgen van klimaatverandering kunnen de waarde van Nederlandse huizen in de toekomst flink drukken. Het gaat onder meer om schade door overstromingen en droogte, zegt dataverzamelaar Calcasa.
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(Reuters) -Social media company X on Monday sued media watchdog group Media Matters, alleging the organization defamed the platform after it published a report that said ads for major brands had appeared next to posts touting Adolf Hitler and the Nazi party. X, formerly Twitter, has faced growing outrage since Media Matters published the report on Thursday, which led IBM, Comcast and several other advertisers to pull ads from the platform in response.
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Today's best nationwide CD rates are 6.00% from SecurityPlus Federal Credit Union and 5.80% from Seattle Bank, with a top rate of 5.85% available on the leading jumbo CD.
( 21
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Satya Nadella's midnight hiring of Sam Altman and Greg Brockman was a shrewd move for Microsoft, but unless Altman returns to OpenAI, the startup's other VC investors will be left with an empty shell.
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The global shift toward sustainable energy solutions is driving the adoption of electric vehicles (EVs). While Tesla (NASDAQ:TSLA) has long been the market leader, as the EV market expands, many new players have emerged. We’ll use TipRanks’ stock comparison tool to discuss why Wall Street is more bullish on rising EV stars Blink Charging (NASDAQ:BLNK) and ChargePoint Holdings (NYSE:CHPT) than they are on Tesla. I, too, am optimistic about the near-term prospects of both BLNK and CHPT. While Tesl
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With odds now slim for more Fed rate hikes, the best CD rates have begun slipping. So it's a smart time to snag one of today's historically high returns while you can.
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Everyone knows that Big Tech has been the big leader in the market’s advance this year. A look at the market indexes will bear this out: the Dow has risen by 6% year-to-date, the S&P 500 by 18%, while the tech-heavy NASDAQ boasts an impressive 36% gain. What this means for investors, however, has been a subject of lively debate. Chiming in from Bank of America, head of US equity strategy Savita Subramanian is urging investors not to worry so much about that narrow focus. In her view, big tech st
( 38
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Citigroup was sued on Monday by a managing director who said a former top equities banker subjected her to sexual harassment and abuse including death threats. Ardith Lindsey said the New York-based bank, her employer since 2007, downplayed her complaints about Mani Singh, who had been its North America Markets head of cash equity execution services before he resigned last November. Lindsey also accused Citigroup of tolerating a "notoriously hostile" environment in its equities division.
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Tesla CEO Elon Musk defended himself against charges he is antisemitic over the weekend.
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Software company C3.ai cut jobs last week, citing employee performance and the need for cost savings, Bloomberg News reported on Monday. The software company had 914 full-time employees, with 746 based in the United States and 168 in its international locations, as of April 30, according to a regulatory filing.
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Warren Buffett expects economic trouble, so he's keeping an unprecedented amount of powder dry for when bargains and deals emerge, Steve Hanke says.
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OpenAI's boardroom decision has left investors and Silicon Valley stunned.
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“The evolution of the U.S. housing market has been Herculean or devastating depending on where you look,” the strategists wrote in their forecast.
( 36
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It’s easy to respect technology stalwart Intel (NASDAQ:INTC) but difficult to truly get on board with the stock. After all, its rivals like Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) have pressured or dominated Intel in key markets. However, those thinking about shorting its shares should think again, mainly due to bullish options activity. Tactically, I am bullish on INTC stock. Positive Q3 Underlines the Fundamental Case for INTC Stock To be clear, while the main bullish cata
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The resignation marks the latest setback for a company that only recently started selling its first model.
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By hiring Sam Altman and Greg Brockman to a new in-house advanced AI research team, Microsoft flipped the script in the OpenAI debacle.
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The Tesla CEO defended himself against charges he is antisemitic over the weekend.
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Richards, who has more than 30 years of experience in asset management, led M&G Investments before joining Fidelity as chief executive officer in 2018, replacing Brian Conroy. During her term as CEO, assets managed by Fidelity grew significantly, to $714.3 billion.
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Capping off a week of wild swings, mortgage rates held mostly steady Friday, keeping the 30-year average near its lowest point since in more than 2 months.
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A lot of people stand to lose a lot of money if OpenAI tries to forge on without Sam Altman.
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It's often difficult for investors to find stocks that provide both appreciation and a high-yielding dividend. Often, the only reason for a high-yielding dividend is that the stock has declined significantly in share price. But what if there was a stock that not only boasted a high-yielding dividend but also outperformed all of its peers over the past 52 weeks, achieving significant gains and distributing a monthly dividend? Take a look at one real estate investment trust (REIT) that has crushed
( 36
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(Bloomberg) -- Hundreds of OpenAI employees have threatened to resign and follow ousted leader Sam Altman to Microsoft Corp. unless the current board resigns, following its poorly handled firing of the chief executive officer on Friday.Most Read from BloombergMicrosoft Ends Weekend of OpenAI Drama With Coup of Its OwnThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI’s Murati Aims to Re-Hire Altman, Broc
( 35
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Saving for retirement is a fundamental part of financial planning, where starting early can significantly enhance the growth potential of your savings. While a common guideline suggests saving 10% to 15% of your annual income, individual needs vary. For those aiming to boost their retirement funds significantly, converting $100,000 into $1 million is a challenge but achievable with a well-devised investment strategy and a long-term perspective. The National Study of Millionaires reveals that 75%
( 35
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(Bloomberg) -- The lending arm of Toyota Motor Corp. will pay $60 million to settle allegations by a US regulator that it misled customers into buying extra products that boosted their payments and then gave them a runaround when they tried to cancel.Most Read from BloombergThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama With Coup of Its OwnCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten
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Learn who the top 10 billionaires in the world are and how they built their wealth.
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But Latin America’s third-largest economy is broke and lacks funds to swap the nearly worthless peso for the greenback
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Argentina's U.S.-listed companies are enjoying a moment in the sun.
Shares in at least four Argentinian companies jumped Monday after the election victory Sunday by Javier M
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Microsoft has hired Sam Altman, stopping one of the biggest names in artificial intelligence from joining a rival.
( 24
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The week is off to an ugly start for some pharmaceutical investors.
Bayer said it is halting a trial for asundexian, an experimental cardiovascular drug, due to a lack of efficacy in tre
( 23
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Microsoft has moved fast to contain the OpenAI fallout. However, Google, Amazon and Nvidia could all seek to take advantage in their own ways.
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The Consumer Financial Protection Bureau on Monday said Toyota Motor Credit will pay a $12 million civil fine, and $48 million to harmed consumers. Toyota Motor Credit provides financing for people who buy vehicles at Toyota dealerships. According to the CFPB, thousands of consumers complained to Toyota Motor Credit that dealers lied about whether these products were mandatory, or rushed the paperwork so they wouldn't realize how much they were paying.
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Citigroup moved ahead with the next layer of changes across its businesses and functions, a move to reorganize it said would involve difficult and consequential decisions.
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Deutsche Bank analyst Scott Deuschle upgraded Boeing stock to Buy from Hold. His price target went to $270 from $204, about 30% above recent trading levels.
( 22
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Regardless of any individual’s feelings about the transition from fossil fuels to renewable energy sources, there’s no doubt that it is happening. Our society has come to the conclusion that fossil fuels are too dirty for continued long-term, large-scale use, and that something will have to replace them. There are plenty of contenders for the role, and prominent among them are renewable power sources such as solar and wind energy. Both of these sources find support from social pressures, which t
( 37
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Long-term care insurance is an important way to mitigate risk in retirement. Unexpected health issues and the related costs can take over a retiree’s financial life if they don’t have a plan to pay for costs of care. The cost of such a policy will depend on a handful of factors – including your age […] The post I Was Quoted $2,000 Per Year for Long-Term Care Insurance. Is That Too Much? appeared first on SmartReads by SmartAsset.
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Bitcoin and other cryptocurrencies rose Monday amid continued optimism over the approval of exchange-traded funds.
( 22
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Nvidia shares have been flying higher ahead of the company's earnings, which are due Tuesday.
One clue from the options market indicates investors aren't quite as euphoric as they were a few months ago.
Betting on a disappointing result will cost investors a bit extra in the options market this
( 23
min )
The chief executive of NRG Energy has left the company and will be replaced by the board’s chairman while it searches for a permanent successor.
( 26
min )
Milton Friedman was not renowned for being soft and cuddly. The father of monetarist economics inspired tough central bank crackdowns on inflation that triggered recessions and provided the intellectual ballast for Margaret Thatcher, the Iron Lady.
( 38
min )
Deutsche Bank analyst Scott Deuschle upgraded Boeing stock to Buy from Hold. His price target went to $270 from $204, about 30% above recent trading levels.
( 22
min )
I am feeling hopeless. I am 60 years old and have only $15,000 saved. I will get a 80% pension from the state of Massachusetts and be able to retire in three years. What can I possibly do to increase my savings now? – Joy There's no question that $15,000 is a small amount of […] The post Ask an Advisor: I’m 60 and ‘Feeling Hopeless’ With Just $15k Saved. What Can I Do Now to Increase My Retirement Savings? appeared first on SmartReads by SmartAsset.
( 36
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(Bloomberg) -- OpenAI co-founder Sam Altman is joining Microsoft Corp. to lead its AI effort after the board replaced him with Twitch’s ex-CEO, a stunning reversal for the widely respected tech-evangelist who helped jumpstart the artificial intelligence boom.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAIOpenAI Board Urged by Microsoft, Investors to Restore AltmanOpenAI’s Murati Aims
( 37
min )
GM’s Cruise CEO resigns amid safety concerns, investors will eye Fed minutes for signs of rate cuts, and other news to start your day.
( 39
min )
Citigroup employees expect the bank to announce layoffs and senior management changes on Monday as part of its biggest reorganization in decades, according to five sources with knowledge of the matter. Executives are also likely to announce senior management changes by email, the source said. Citigroup declined to comment.
( 34
min )
Artificial intelligence chip leader Nvidia will likely deliver yet another blockbuster revenue forecast on Tuesday. The results will also be a major test for the AI-powered rally that has helped drive up the U.S. stock market this year, with the Philadelphia semiconductor index up nearly 50% in 2023. "There is an underlying assumption that Nvidia has total market dominance ... so anything that affects that perception, whether it be because of the business performance or because of risks to certain markets, that is going to temper enthusiasm," Capital.com analyst Kyle Rodda said.
( 35
min )
(Bloomberg) -- It’s touted as crypto’s big breakthrough on Wall Street: The imminent arrival of Bitcoin exchange-traded funds that will kick open digital-currency investing to the institutional and retail masses. Most Read from BloombergThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAIOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Taps ex-Twitch CEO to Lead as Altman Joins MicrosoftOpenAI’s Murati Aims to Re-Hire Altman, Brockman After ExitsOpenAI
( 36
min )
President-elect Javier Milei faces runaway inflation and empty coffers after decades of economic mismanagement.
( 28
min )
Expectations for the chip maker’s earnings report due Tuesday are sky high. Nvidia’s earnings beat Wall Street expectations in 19 of the last 20 quarters..
( 30
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Sam Altman, the ousted chief executive at OpenAI, will be joining Microsoft to lead a new advanced AI research team, the CEO of GM's Cruise self-driving technology and taxi business resigns, and Zoom Video reports quarterly earnings Monday.
( 22
min )
How much is Sam Altman worth? Quite a bit judging by Microsoft's stock price.
Shares in the tech colossus rose more than 2% Monday in offhours trading after [it hired the artificial-intelligence expert](https://www.wsj.com/tech/ai/openai-leadership-hangs-in-balance-as-sam-altmans-counte-rebellion-g
( 22
min )
(Bloomberg) -- OpenAI’s board hired Emmett Shear, formerly of Twitch, as chief executive officer, defying calls from investors to reinstate the ousted Sam Altman, according to people familiar with the matter. Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAIAltman Sought Billions For Chip Venture Before OpenAI OusterArgentina
( 33
min )
(Bloomberg) -- Shares of China’s small and medium-sized companies are poised to enter a bull market, defying a broader slump in local equities.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAIOpenAI Board Urged by Microsoft, Investors to Restore AltmanOpenAI’s Murati Aims to Re-Hire Altman, Brockman After ExitsAltman Sought Billions For Chip Venture Before OpenAI OusterThe Beijing Stoc
( 33
min )
Microsoft CEO Satya Nadella on Monday said that ousted OpenAI CEO Sam Altman and Greg Brockman will be joining Microsoft to lead a new advanced AI research team. Nadella also appeared to confirm Emmett Shear's reported appointment as the new OpenAI CEO, saying they are "looking forward to getting to know Emmett Shear and OAI's new leadership team and working with them."
( 33
min )
Citigroup employees expect the bank to announce layoffs and senior management changes on Monday as part of its biggest reorganization in decades, according to five sources with knowledge of the matter. The job cuts could affect thousands of staff, according to a source familiar with the situation who was not authorized to speak publicly. Executives are also likely to announce senior management changes by email, the source said.
( 34
min )
(Bloomberg) -- Healthy companies led by competent, commercially successful and globally beloved founders generally don’t tend to fire them. And, as Sam Altman walked on stage in San Francisco on Nov. 6, all those things could have described his role at OpenAI.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAIOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billi
( 41
min )
Despite recent declines, SoFi stock stock is having a stellar year.
( 34
min )
Sam Altman’s bid to return to OpenAI after being ousted Friday faltered late Sunday, as the board that fired him opted not to agree to proposed terms of his reinstatement.
( 33
min )
Asian shares were higher Monday after Wall Street closed its third straight winning week with a tiny gain. U.S. futures were lower while oil prices gained as investors looking ahead to OPEC plus meetings.
( 36
min )
Bitcoin enthusiasts eagerly awaiting the green light for a Bitcoin exchange-traded fund (ETF) will need to be patient.
( 33
min )
(Bloomberg) -- OpenAI’s interim Chief Executive Officer Mira Murati plans to re-hire her ousted predecessor Sam Altman and former President Greg Brockman in a capacity that has yet to be finalized, according to people with direct knowledge of the matter.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterThe Doomed Mission Behind Sa
( 34
min )
(Bloomberg) -- Elon Musk railed against “bogus” media reports accusing him of antisemitism, issuing his strongest response yet after endorsing antisemitic content in a post on X that provoked outrage and alienated advertisers like Apple Inc.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterThe Doomed Mission Behind Sam Altman's Sh
( 34
min )
(Bloomberg) -- Stocks rose in Asia following gains on Wall Street amid optimism the Federal Reserve is about to end its tightening cycle. Japan’s Nikkei 225 Stock Average climbed to a fresh 33-year high.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAISpaceX Starship
( 36
min )
BUENOS AIRES/LONDON (Reuters) -Far-right libertarian Javier Milei's strong win in Argentina's presidential election could boost bonds and equities but put downward pressure on the peso currency, investors said on Monday. The outsider radical, who has pledged to "burn down" the central bank and dollarize the economy, beat Peronist economy chief Sergio Massa in Sunday's vote, though he struck a measured tone in his first speech as president-elect. JPMorgan's Diego W. Pereira said in a note to clients late on Sunday that it would not change its recommendation on Argentina's international bonds from its measured "market weight" stance.
( 34
min )
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You need to earn income to contribute to a Roth IRA. However, married couples can use a spousal Roth IRA to fund two accounts, even if just one spouse earns income.
( 28
min )
(Bloomberg) -- Argentina investors cheered libertarian economist Javier Milei’s bigger-than-expected win in Sunday’s presidential vote and his pledges to usher in a radical remake of South America’s second-largest economy.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterThe Doomed Mission Behind Sam Altman's Shock Ouster From Ope
( 35
min )
(Bloomberg) -- Healthy companies led by competent, commercially successful and globally beloved founders generally don’t tend to fire them. And, as Sam Altman walked on stage in San Francisco on Nov 6., all those things could have described his role at OpenAI.Most Read from BloombergOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterOpenAI Negotiations to Reinstate Altman Snag Over Board RoleSpaceX Starship Explodes Though Craf
( 41
min )
Consider the pros and cons of using tax software versus an accountant when filing tax returns.
( 23
min )
Today's best nationwide CD rates are 6.00% from SecurityPlus Federal Credit Union and 5.80% from Seattle Bank, with a top rate of 5.85% available on the leading jumbo CD.
( 19
min )
With odds now slim for more Fed rate hikes, the best CD rates have begun slipping. So it's a smart time to snag one of today's historically high returns while you can.
( 18
min )
The S&P 500 gained 0.7% on Monday, Nov. 20, 2023, adding to last week's gains amid optimism that slowing inflation will keep the Fed from raising interest rates.
( 17
min )
Find out how short sellers provide a service to the market by acting as a check against overvalued companies and exposing unethical practices.
( 29
min )
Learn how a 401(k) works, about 401(k) benefits, and what is a Roth 401(k).
( 29
min )
Argentina President-elect Javier Milei has promised to close the Central Bank of Argentina and embrace the U.S. dollar.
( 19
min )
If you discover that you've contributed too much money to your Roth IRA for the year, there are ways to fix the problem and avoid tax penalties.
( 26
min )
Amazon launched an artificial intelligence training program to help workers develop key skills as companies grapple with an AI talent shortage.
( 17
min )
PENN Entertainment received a ratings upgrade and higher price target from Bank of America on the popularity of its new ESPN Bet app.
( 17
min )
Microsoft shares surged to an all-time high Monday after hiring Sam Altman, the former CEO of ChatGPT maker OpenAI, to lead a new artificial intelligence team.
( 17
min )
Toyota's U.S. financing arm was fined $60 million by regulators who said the lender illegally kept consumers from canceling loan bundles that raised the cost of their monthly payments.
( 17
min )
Long-term Treasurys rallied on Monday after a promising $16 billion 20-year Treasury auction, an event investors have generally overlooked but have started to closely monitor in recent months amid surging Treasury yields.
( 18
min )
Short selling occurs when an investor borrows a security, sells it on the open market, and expects to buy it back later for less money.
( 37
min )
One of Spain's largest labor unions has called on 20,000 delivery and warehouse workers to participate in a "symbolic" strike on one of the biggest retail days of the fourth quarter.
( 18
min )
In its features and benefits, a SIMPLE 401(k) plan is a cross between a SIMPLE IRA and a traditional 401(k) plan.
( 26
min )
Form 1120-S: U.S. Income Tax Return for an S Corporation is used to report the income, losses, and dividends of S corporation shareholders.
( 25
min )
Understand how the process of short selling allows a person to sell a stock without technically owning it.
( 25
min )
An individual retirement annuity is an investment vehicle—similar to an individual retirement account—that is offered by insurance companies.
( 24
min )
It’s a big shakeup for General Motors’ self-driving taxi unit, Cruise. Co-founder and CEO Kyle Vogt announced he was stepping down over the weekend
( 18
min )
If you received unemployment compensation or a tax refund, you might get Form 1099-G. Find out what it is, why you received one, and more.
( 27
min )
Blue lobsters are a sight to see, but how easy is it to get your hands on one, and how much do they cost?
( 23
min )
The top ETFs of 2023 include XLC, IGM, XLK, IGV, and SCHG.
( 20
min )
U.S. equities began the holiday-shortened trading week higher at midday on Monday, Nov. 20, 2023 after optimism about slowing inflation buoyed markets last week.
( 17
min )
Capping off a week of wild swings, mortgage rates held mostly steady Friday, keeping the 30-year average near its lowest point since in more than 2 months.
( 19
min )
Bristol-Myers Squibb and 2seventy bio shares dropped after the FDA said it would not make a decision on expanded use of the companies' cancer drug next month.
( 17
min )
Equity and debt investments offer two different ways for investors take part in real estate crowdfunding.
( 25
min )
Claudia Goldin, an American economic historian and labor economist, is the 2023 recipient of the Nobel Memorial Prize in Economic Sciences. The third woman to be awarded the prize, and the first woman to have won it solo, her work focuses on the history of women's participation in the American labor market.
( 25
min )
Learn who the top 10 billionaires in the world are and how they built their wealth.
( 36
min )
Bank of America offers many personal financial products, including savings accounts. See if Bank of America’s rates are attractive enough for your deposit.
( 23
min )
Microsoft hired Sam Altman as head of a new artificial intelligence research team after he was fired as CEO of OpenAI.
( 17
min )
The 2023 MFS Asset Allocation Survey showed about half of investment professionals expect an economic contraction over the next year and have raised the duration of their bond holdings.
( 18
min )
Thanksgiving Week will bring more earnings reports from retail companies, minutes from the FOMC meeting, and Black Friday sales events.
( 22
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Curry was the eighth highest-paid athlete in the world in 2023, but he makes millions off the court, too.
( 19
min )
A combination of weak mergers-and-acquisition deals, fund outflows in many areas, and increased costs could depress bonuses across much of the Street.
( 17
min )
A lottery is a low-odds game of chance or process in which winners are decided by a random drawing.
( 24
min )
Opening your first IRA should be just an early step in your ongoing financial education. But the more help you need, the higher fees you're likely to pay.
( 25
min )
Why catch-up contributions aren't part of Actual Deferral Percentage testing and how the IRS levels the playing field via non-discrimination tests.
( 20
min )
You need to earn income to contribute to a Roth IRA. However, married couples can use a spousal Roth IRA to fund two accounts, even if just one spouse earns income.
( 28
min )
Defined-benefit plans are a thing of the past for most private-sector workers, but there are other ways to shore up your retirement.
( 24
min )
Find out if cash balance pensions are the right solution for your small business.
( 23
min )
Focusing only on pay when job hunting may be a mistake. Find out which benefits have the highest payoff in the long run.
( 25
min )
When looking through fund options for your Roth IRA with Edward Jones, VTI and SPAB can provide a solid starting point.
( 25
min )
Some relatively painless moves allow you to save money, and the payoff can grow to thousands of dollars if the savings are invested over decades.
( 31
min )
Landen moeten meer klimaatactie ondernemen om te voorkomen dat de aarde deze eeuw met bijna 3 graden opwarmt. Dat concludeert de klimaatafdeling van de Verenigde Naties in een nieuw rapport. De gevolgen van zo'n opwarming zijn niet mals.
( 12
min )
Het kabinetsplan om verkeersboetes te verhogen stuit op weerstand van de Raad van State. De boetes voor lichte vergrijpen gaan omhoog om gaten in de begroting te dichten, maar dat vindt het adviesorgaan geen goede reden.
( 9
min )
Europese bedrijven kunnen langer rekenen op staatssteun voor de energiekosten. De Europese Commissie kondigde maandag aan dat een aantal versoepelingen in de regels langer van kracht blijven, zodat EU-landen hun "vangnet" de komende winter nog in stand kunnen houden.
( 8
min )
Automobilisten en motorrijders betalen vanaf 1 januari 2025 geen tol meer als ze door de Westerscheldetunnel rijden. Demissionair minister Mark Harbers (Verkeer en Waterstaat) en de Zeeuwse gedeputeerde Harry van der Maas ondertekenden maandag een overeenkomst daarover.
( 9
min )
Het was een wild weekend bij OpenAI, het bedrijf achter de succesvolle AI-chatbot ChatGPT. Vrijdag werd directeur en medeoprichter Sam Altman ontslagen. Na een chaotisch weekend gaat Altman nu aan de slag bij Microsoft. Maar hoe gaat OpenAI verder?
( 11
min )
Het was een wild weekend bij OpenAI, het bedrijf achter de succesvolle AI-chatbot ChatGPT. Vrijdag werd directeur en medeoprichter Sam Altman ontslagen. Na een chaotisch weekend gaat Altman nu aan de slag bij Microsoft. Maar hoe gaat OpenAI verder?
( 11
min )
Het kabinetsplan om de huurprijzen in de vrije sector te beperken, kent grote risico's. Volgens de Raad van State, een belangrijk adviesorgaan, kan het plan tot minder huurhuizen leiden.
( 10
min )
De maximaal toegestane rente op een lening gaat in januari omhoog naar 15 procent. Dit betekent dat het duurder kan worden om geld te lenen voor nieuwe spullen.
( 8
min )
Sam Altman, die vrijdag werd ontslagen als directeur bij OpenAI, heeft alweer een nieuwe baan. Hij gaat aan de slag bij Microsoft en krijgt daar de leiding over een team dat zich bezighoudt met kunstmatige intelligentie.
( 9
min )
De euro is gestegen naar het hoogste niveau sinds eind augustus. De Europese munt leeft vooral op doordat de Amerikaanse dollar in waarde daalt. Beleggers vrezen dat de rente in de VS omlaaggaat, wat de Amerikaanse munt minder aantrekkelijk maakt.
( 8
min )
De rechtbank Den Haag buigt zich vandaag over de vraag of de coronasteun eerlijk is verdeeld over werknemers in loondienst en zzp'ers. De Werkvereniging vindt van niet en heeft daarom de Staat gedagvaard.
( 9
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Sam Altman, die vrijdag werd ontslagen als directeur bij OpenAI, heeft alweer een nieuwe baan. Hij gaat aan de slag bij Microsoft en krijgt daar de leiding over een team dat zich bezighoudt met kunstmatige intelligentie.
( 8
min )
Eneco heeft plannen om een groenewaterstoffabriek van zo'n twintig voetbalvelden groot te bouwen in het havengebied van Rotterdam. De nieuwe fabriek, waarvoor Eneco samenwerkt met het Japanse moederbedrijf Mitsubishi, moet groene waterstof gaan leveren aan industriële klanten.
( 9
min )
De lonen zijn in oktober harder gestegen dan in de maanden ervoor, ziet werkgeversvereniging AWVN. Toch zijn die cijfers een stuk minder representatief. In de herfstmaand zijn slechts veertien nieuwe cao's afgesloten.
( 9
min )
Ruud Sondag, de interim-topman van Schiphol, is bang dat de luchthaven uiteindelijk nog verder moet krimpen nu het eerdere krimpplan is opgeschort. Hij vreest nu voor juridisch getouwtrek en de gevolgen daarvan.
( 9
min )
Ruud Sondag, de interim-baas van Schiphol, is bang dat de uiteindelijke krimp van de luchthaven nog groter zal worden nu het eerdere plan tot inkrimpen is opgeschort. Dat komt volgens hem onder meer door juridisch getouwtrek.
( 9
min )
About half of the bank’s assets in the closely watched auction fall into the rent-regulated category.
( 27
min )
After being fired on Friday, investors raced to reinstate him—but first the new role and members of the board that fired him need to be sorted out.
( 34
min )
(Bloomberg) -- The Treasury market’s nascent rally is facing its next big test: a bond auction that will help gauge whether investors are confident 2023’s selloff is over once and for all.Most Read from BloombergOpenAI Board Urged by Microsoft, Investors to Restore AltmanSpaceX Starship Explodes Though Craft Reached New MilestonesSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionAltman Sought Billions For AI Chip Venture Before OpenAI OusterHackers Are Exploiting a Flaw in Citrix So
( 35
min )
Agilent, Analog Devices, HP, and others will also report quarterly results. Investors will also see Fed minutes from early November, as well as data on real estate, durable goods, and manufacturing.
( 26
min )
The knife was wielded in true Silicon Valley fashion: over video call.
( 38
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(Bloomberg) -- In the weeks leading up to his shocking ouster from OpenAI, Sam Altman was actively working to raise billions from some of the world’s largest investors for a new chip venture, according to people familiar with the matter. Most Read from BloombergOpenAI Board Urged by Microsoft, Investors to Restore AltmanSpaceX Starship Explodes Though Craft Reached New MilestonesSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionBill Ackman Defends Elon Musk After Backlash Over Antis
( 36
min )
(Bloomberg) -- Since OpenAI fired its co-founder and Chief Executive Officer Sam Altman on Friday, a host of players across the tech industry have come onto the scene.Most Read from BloombergOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterSpaceX Starship Explodes Though Craft Reached New MilestonesOpenAI Negotiations to Reinstate Altman Snag Over Board RoleSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionFrom c
( 36
min )
Why hire a financial advisor who will take around 1% percent of your assets per year when you can get a certificate of deposit (CD) at over 5% with no fee? That alone amounts to a 6% return on your … Continue reading → The post Ask an Advisor: ‘Prove Me Wrong.' I Think Investing in CDs Is a Better Deal Than Working With an Advisor appeared first on SmartAsset Blog.
( 36
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My wife and I are both 65 years old. She will retire this year and I'll work until I'm 67. We'll get about $42,000 in Social Security and have about $1 million in savings. Can we live on $90,000 per … Continue reading → The post Ask an Advisor: We're 65, Have $1 Million Saved and $42K in Social Security Benefits. Can We Live on $90K Per Year? appeared first on SmartAsset Blog.
( 34
min )
I'm 73 and my 401(k) hasn't been doing well for the last few years. Would it be a good idea for me to withdraw my money from my 401(k) and pay the tax that I will have to pay eventually anyway, and then invest the rest of my money in CDs? -Archie Your desire for […] The post Ask an Advisor: I'm 73 and My 401(k) ‘Hasn't Been Doing Well.’ Should I Withdraw My Money and Invest in CDs? appeared first on SmartReads by SmartAsset.
( 36
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I've been debating whether to pay off my mortgage. I've refinanced at 2.375% and can get a certificate of deposit (CD) for a year at 4%. I was adding to my mortgage payment by about $1,000 a month to pay … Continue reading → The post Ask an Advisor: Should I Pay off My Mortgage or Invest in CDs? I Refinanced My Mortgage at 2.375%, But I Can Get a CD at 4%. Plus, I Want to Retire in 7 Years. appeared first on SmartAsset Blog.
( 36
min )
Retiring at 40 with $2 million is an ambitious goal, but that doesn't mean it's impossible. While you'll need a decent salary or other sources of income or wealth, saving $2 million is not out of reach. If you plan … Continue reading → The post How to Retire at 40 With $2 million appeared first on SmartAsset Blog.
( 36
min )
The company doesn't have a seat on the board. What it does have is arguably more powerful.
( 39
min )
Glencore has set in motion a plan to quit coal, leaving it to focus on green metals.
( 28
min )
Strong car sales contrast with broader weakness in exports as the world economy slows.
( 28
min )
(Bloomberg) -- African governments are scrambling for dollars, and that’s creating a new dividing line for investors.Most Read from BloombergSpaceX Starship Explodes Though Craft Reached New MilestonesOpenAI Board Urged by Microsoft, Investors to Restore AltmanSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionBill Ackman Defends Elon Musk After Backlash Over AntisemitismBacklash Spreads Over Musk’s Endorsement of Antisemitic PostAmid a deepening shortage of hard currency on the cont
( 37
min )
(Bloomberg) -- The powerful rally in small-cap stocks looks like yet another false start rather than a lasting recovery. Most Read from BloombergSpaceX Starship Explodes Though Craft Reached New MilestonesOpenAI Board Urged by Microsoft, Investors to Restore AltmanSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionBill Ackman Defends Elon Musk After Backlash Over AntisemitismBacklash Spreads Over Musk’s Endorsement of Antisemitic PostThe Russell 2000 Index — the world’s most closely
( 36
min )
The Federal Reserve seems to be done with its aggressive interest rate hikes, economists say. That could turbocharge stocks and your 401(k).
( 35
min )
Savvy investors know that some valuable stock sectors just don’t get the attention they deserve, and finding those underappreciated sectors is a vital skill for successful investing. Big Tech, for example, may have a reputation for taking up all the oxygen in the room, but it’s hardly the only game in town. Agribusiness is one of the underappreciated sectors. The companies that work the land, produce the fertilizers, and deliver the farm equipment that support the world’s food supply bring with
( 37
min )
(Bloomberg) -- The S&P 500’s 9.6% rally in three weeks is looking increasingly unsustainable to some market watchers.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterSpaceX Starship Explodes Though Craft Reached New MilestonesSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionConcerns about the gauge include the fact
( 35
min )
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Explore the investment options available to and restrictions on account holders who choose a self-directed IRA as their retirement account.
( 22
min )
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( 20
min )
For many buyers, it's all about lower mortgage rates.
( 24
min )
(Bloomberg) -- A rally in the ruble that’s propelling it toward the strongest since July is the latest piece of Russia’s economic jigsaw to fall into place before a widely expected tilt by Vladimir Putin at another presidential term in March elections.Most Read from BloombergSpaceX Starship Explodes Though Craft Reached New MilestonesSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionOpenAI Board Pressed by Microsoft, Investors to Restore AltmanBacklash Spreads Over Musk’s Endorsemen
( 36
min )
Rival Luckin now leads Starbucks in the world’s second-most-populous nation.
( 24
min )
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There are a few advantages, along with some significant drawbacks, to using assets targeted for your retirement to pay off your mortgage balance.
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The CEO of Cruise, General Motors' robot taxi unit, on Saturday apologized for the company's situation following an accident that led to the pause of its self-driving vehicle operations. In an email to staff seen by Reuters, Cruise CEO Kyle Vogt said the firm will make a new tender offer to allow employees to sell shares, just two days after cancelling its earlier offer.
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Investors pile in, but some say it is too soon to declare victory.
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Seventeen states and the District of Columbia have estate or inheritance taxes or both. The rules can change from year to year.
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The Logistics Managers’ Index has done a great job of explaining freight market capacity shifts over the past several years. The last few months are painting a picture of a market that is racing toward a correction. The post LMI showing transportation market flip is coming appeared first on FreightWaves.
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(Bloomberg) -- OpenAI stunned employees, investors and much of Silicon Valley on Friday by ousting Chief Executive Officer Sam Altman, who more than any other figure had emerged as the face of artificial intelligence following the viral success of his company’s chatbot, ChatGPT. Almost instantly, the world’s best-known AI startup, which has been in talks to sell employee shares to investors at an $86 billion valuation, was thrown into disarray. Several people, including OpenAI President Greg Bro
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OpenAI’s investors are making efforts to bring back Sam Altman, the chief executive who was ousted Friday, said people familiar with the matter.
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A catch-up contribution is a type of retirement contribution that allows those 50 or older to make additional contributions to their 401(k) and IRAs.
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A year-end bonus or an unexpected inheritance can often result in a big tax bill. Here are some strategies to reduce the impact.
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Discover how contributing to a 401(k) plan can reduce your AGI or MAGI. Also, learn how this differs from contributing to a traditional IRA.
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Taxes are difficult to avoid but there are many strategies you can use to help ward them off so you can legally keep the most of your hard-earned income.
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Find out whether you can take a tax deduction on the contributions you make.
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If you are self-employed, you may be able to set up a tax-advantaged solo 401(k) retirement savings plan. Find out what the benefits are of this type of self-employed 401k.
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Understand the difference between a qualified and non-qualified deferred compensation plan and what the benefits are of having one or both.
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Understand the different types of qualified retirement plans and what they mean in terms of employee and employer contributions and payment distribution.
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Find out if it’s too late to contribute to a Roth IRA after you’ve already filed your income tax return.
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Explore the investment options available to and restrictions on account holders who choose a self-directed IRA as their retirement account.
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There are a few advantages, along with some significant drawbacks, to using assets targeted for your retirement to pay off your mortgage balance.
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De Nederlandse industrie ziet de grootste daling van inkomsten sinds 2020 in het derde kwartaal van dit jaar. Vooral bij chemiebedrijven en raffinaderijen slinkt de omzet hard, blijkt uit cijfers van statistiekbureau CBS.
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Ruud Sondag, de interim-baas van Schiphol, is bang dat
de uiteindelijke krimp van de luchthaven nog groter zal worden nu het eerdere plan tot inkrimpen is opgeschort. Dat komt volgens hem onder meer door juridisch getouwtrek.
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Oud-topman van VDL Wim van der Leegte is in de nacht van zaterdag op zondag op 76-jarige leeftijd overleden. Dat meldt zijn familie in een verklaring.
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Online stemhulpen op basis van kunstmatige intelligentie schieten als paddenstoelen uit de grond. Met de ene kun je chatten over partijprogramma's, bij de andere kun je stellingen voorleggen aan politieke partijen. Alleen zijn ze niet helemaal foutvrij.
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Oud-topman van VDL Wim van der Leegte is in de nacht van zaterdag op zondag op 76-jarige leeftijd overleden. Dat meldt zijn familie in een verklaring.
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Investeerders in OpenAI, het moederbedrijf van ChatGPT, oefenen druk uit op het bestuur om de vrijdag ontslagen topman Sam Altman terug te halen. Dat meldden bronnen rond het bedrijf aan persbureau Bloomberg.
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Socialemediaplatform X spant maandag een rechtszaak aan tegen onderzoeksgroep Media Matters en andere partijen die "een frauduleuze aanval hebben geopend op het bedrijf". Dat meldt eigenaar Elon Musk zaterdag op het platform.
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Als de hogere zorgpremie je te veel pijn doet, kun je besparen door voor een hoger eigen risico te kiezen. Hiermee valt 15 a 20 euro per maand te besparen. Maar die verhoging is, zoals het woord al zegt, niet zonder risico's.
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(Bloomberg) -- The first trade hit the tape at 9:54 a.m. The price: 38 cents on the dollar. These were the bonds of a little-known company called Enviva Inc., a wood-pellet maker in Bethesda, Maryland. Just the night before, on Nov. 8, they had closed at 64 cents. The rout deepened rapidly as the day went on, sending the bonds to as low as 31 cents.Most Read from BloombergSpaceX Starship Explodes Though Craft Reached New MilestonesSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionBa
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OpenAI CEO Sam Altman's firing was over a "breakdown in communication between Sam and the board," and not "malfeasance or anything related to our financial, business, safety, or security/privacy practices," Chief Operating Officer Brad Lightcap wrote in an internal company memo Saturday morning, viewed by Reuters. The board of OpenAI, the company behind hit product ChatGPT, on Friday pushed out its high-profile CEO Altman, sending shock waves across the tech industry. The company appointed former chief technology officer Mira Murati as interim CEO.
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A planned sale of OpenAI employee shares that would value the startup at about $86 billion on paper hangs in the balance after the sudden firing of CEO Sam Altman and a slew of top executive departures, the Information reported on Saturday. The tender offer, which Thrive Capital is leading, has not yet closed but has been in its final stages and was expected to be completed as soon as next month, the report added, citing a person familiar with the matter.
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(Bloomberg) -- Hedge fund manager Bill Ackman defended Elon Musk after major advertisers pulled ads from social media site X over antisemitic commentary. Most Read from BloombergSpaceX Starship Explodes Though Craft Reached New MilestonesBacklash Spreads Over Musk’s Endorsement of Antisemitic PostAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationOpenAI Ousts Altman as CEO; Board Says It Lost Confidence in HimSilicon Valley Boardroom Coup Leads to Ouster of an AI Champ
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The move follows other major advertisers that have stepped back from the platform after Elon Musk posted that an antisemitic social-media post was ‘the actual truth.’
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Microsoft is standing by the OpenAI and its new head executive Mira Murati after the abrupt termination of co-founder and former CEO Sam Altman.
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Acquiring $1 million in a lump sum is no simple matter and figuring out the amount of taxes due on it is also complicated. The answer depends on several factors, including the source of the money, where you live and whether Social Security and other FICA taxes apply. Individual circumstances make all the difference. In […] The post How Much Are Taxes on $1 Million? appeared first on SmartReads by SmartAsset.
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The Retirement Risk Zone is the period of time that can last from five to 10 years before and after you retire. This timeframe can have a significant impact on your retirement savings. And experts say that you should pay careful attention to your retirement savings decisions when you reach this zone. Here’s what you […] The post Retirement Risk Zone: What It Is and How to Navigate appeared first on SmartReads by SmartAsset.
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Jim Chanos, one of Wall Street’s best-known bears, is shutting his hedge funds after nearly four decades, The Wall Street Journal reported Friday.
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The music mogul’s former partner accused him of mental and physical abuse, which he denied.
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Money passed down to the next generation comes with feelings of gratefulness, loss and responsibility. In addition, receiving an inheritance worth hundreds of thousands of dollars can be jarring. It offers an extraordinary opportunity to secure your financial future, but doing so requires knowledge and discipline. From assessing your current financial standing to deploying savvy […] The post How to Build Wealth With an Inheritance appeared first on SmartReads by SmartAsset.
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Companies often need to show progress to get government cash but struggle without it.
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Fed fficials cautioned there could be further tightening if the economic data merits it.
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Asset managers are giving 401(k) plan participants the option to annuitize assets to provide regular income.
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(Bloomberg) -- OpenAI’s firing of Sam Altman followed wide-ranging disagreements between the chief executive officer and his board — in particular Ilya Sutskever, an OpenAI co-founder and the company’s chief scientist — according to a person familiar with the matter. Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationBacklash Spreads Over Musk’s Endorsement of Antisemitic PostOpenAI Ousts Altman as CEO; Board Says It Lost Confidence in HimHamas
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The FT reported Friday that Saudi Arabia is considering prolonging production cuts into 2024, sending international and US oil prices higher.
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The president and co-founder of OpenAI, Greg Brockman, said he is quitting his role at the company after learning of CEO Sam Altman's departure Friday.
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(Bloomberg) -- Jim Chanos, the legendary short-seller known for his bearish bets against Enron and Tesla Inc., is shuttering his hedge funds after almost four decades.Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationBacklash Spreads Over Musk’s Endorsement of Antisemitic PostAltman Ousted From OpenAI, Board Says It Lost ConfidenceHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Between iPho
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A roundup of recent Wall Street research on stocks.
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Today's best nationwide CD rates are 5.80% from Seattle Bank and 5.76% from TotalDirectBank and Dow Credit Union, although you can score up to 5.85% with a jumbo CD.
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De grootste raket ooit heeft zaterdag voor het eerst de ruimte bereikt. Toch gaat de lanceerpoging de boeken in als een mislukking voor het Amerikaanse ruimtevaartbedrijf SpaceX. Kort nadat het de ruimte had bereikt, viel het contact met het ruimtevaartuig weg.
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Socialemediaplatform X spant maandag een rechtszaak aan tegen onderzoeksgroep Media Matters en andere partijen die "een frauduleuze aanval hebben geopend op het bedrijf". Dat meldt eigenaar zaterdag Elon Musk op het platform.
( 9
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Socialemediaplatform X zal maandag een rechtszaak aanspannen tegen onderzoeksgroep Media Matters en andere partijen die "een frauduleuze aanval hebben geopend op het bedrijf". Dat meldt X-eigenaar zaterdag Elon Musk op het platform.
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Bekende winkels verkopen steeds vaker online de artikelen van andere aanbieders. In november ging ook Kruidvat overstag. De drogisterij verkoopt via de website nu ook producten voor de kinderkamer.
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Apple en Disney stoppen voorlopig met het adverteren op X wegens antisemitisme op het socialemediaplatform, meldt nieuwswebsite Axios. Eerder gaven onder meer technologieconcern IBM en entertainmentbedrijf Lionsgate al te kennen niet meer op X te adverteren.
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Hoewel de opvolger van sms al vijftien jaar bestaat, gaat de iPhone deze techniek vanaf volgend jaar ondersteunen. Waarom dan pas?
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Section 7702 of the U.S. Tax Code defines what the government deems to be a legitimate life insurance contract for tax purposes.
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ChatGPT maker OpenAI announced that Sam Altman has left the company after the company's board lost confidence in his leadership and transparency.
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Today's best nationwide CD rates are 5.80% from Seattle Bank and 5.76% from TotalDirectBank and Dow Credit Union, although you can score up to 5.85% with a jumbo CD.
( 19
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Chanos expects to return most of his investors' cash by Dec. 31, it said. "It is no secret that the long/short equity business model has come under pressure and interest in fundamental stock pickers has waned," Chanos wrote in a letter sent to investors and obtained by Bloomberg News. Chanos is best known for his bets against energy trader Enron many months before the company's December 2001 bankruptcy amid an accounting scandal.
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The S&P 500, at 4514, has cracked every important level as it has risen from its recent low. If it breaks through 4520, then it should be off to the races.
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Cisco Systems Inc (NASDAQ: CSCO) topped profit expectations with its quarterly results but slashed its fiscal year earnings outlook on the account of its consumers being busy implementing the offerings they received over the previous quarters. The weak guidance overshadowed quarterly results, with shares of the networking giant falling as much as 13% upon Wednesday’s report. Fiscal First Quarter Highlights For the quarter ended on October 28th, revenue rose 7.6% YoY to $14.67 billion. Networking
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Pasterick was appointed to the role in March this year after the exit of Kim Brady, who was credited with taking Nikola public through a merger with a blank-check firm in 2020. The company expects to wrap up its search for a new CFO soon and Pasterick will assist with a transition through Dec. 1, it said. Key financial leaders will report to CEO Stephen Girsky in the interim.
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Spirit Airlines (NYSE:SAVE) stock is flying high today, but you don’t need to get pulled into a bad trade. The often-discussed merger prospects might stir up some excitement about Spirit Airlines, but I am bearish on SAVE stock because the company’s financials are problematic, and an acquisition is far from assured. Florida-headquartered Spirit Airlines is a well-known airline carrier that’s had some turbulence in 2023. Sure, this could be said about U.S. carriers generally, given the shortage o
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Berkshire Hathaway's record $157 billion cash pile is a warning sign for investors, Portfolio Wealth Advisors' Lee Munson said.
( 35
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Chief technology officer Mira Murati has been appointed interim CEO.
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Here’s our weekly roundup of the most-read articles at Barron’s Advisor.
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A new report claims that Apple has again paused advertising on social media powerhouse X, in protest of owner Elon Musk's promotion of, and Apple's advertising adjacent to, antisemitic content.
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Palantir (NYSE:PLTR) finds itself uniquely positioned at the right place at the right time, helping its customers navigate an increasingly complex geopolitical and risk-oriented environment. The escalating demand for Palantir’s cutting-edge software solutions has translated into strong financials and a growing client base, setting the stage for lasting expansion. S&P 500 (SPX) inclusion has now become possible as well. Thus, further upside is not unlikely despite the stock’s 221.8% YTD rally. I
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(Bloomberg) -- Don’t be fooled by Friday’s sharp relief rally in oil and gas equities as the picture is still bleak for crude supply and demand. Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationBacklash Spreads Over Musk’s Endorsement of Antisemitic PostOpenAI Ousts Altman as CEO; Board Says It Lost Confidence in HimHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsOpenAI Ousts Altman After Clashes Over AI Safety, Making MoneyEn
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Electric vehicle charging provider ChargePoint Holdings replaced top executives and warned it would miss revenue projections for the third quarter, sending its shares down 35%.
ChargePoint, which operates one of the largest EV charging networks in the U.S., on Thursday said its markets in the U.S.
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Gary Shilling, a veteran economist and money manager who called the mid-2000s housing crash, says he's betting against stocks and commodities.
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Trucking and logistics companies are seeing a massive downturn. FreightWaves has reported on the biggest shutdowns and layoffs since 2022. The post Layoffs and bankruptcies pile up in logistics amid shocking downturn appeared first on FreightWaves.
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NEW YORK (Reuters) -Citigroup employees expect announcements about management changes and layoffs on Monday in the next phase of the bank’s sweeping reorganization, according to four people familiar with the situation. Employees are awaiting more details about the scale of layoffs at the bank, which employs 240,000 people worldwide. Citigroup declined to comment.
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At least one shareholder is calling for Tesla's board to censure Musk
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The biggest wind turbines are larger than the Empire State Building. They're getting bigger every year because longer blades grab more wind and create more power compared to the increased material costs. Massive turbines typically lower the cost of wind farms because they require fewer turbines to create the desired capacity. But giant turbines are expensive and raise aesthetic concerns as they can dominate skylines. A startup company backed by business magnate Bill Gates aims to change both the
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The allure of sunshine, low taxes and low housing prices have been attracting people to Florida for decades, but high insurance premiums are beginning to reverse the trend. The U.S. Census Bureau shows that nearly 276,000 people left Florida in 2022, and it's believed that skyrocketing insurance premiums motivated many of the departures. The study showed most of the former Florida residents remained in the sun belt, moving to states like North Carolina, Georgia, Tennessee and Texas. Those states
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Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $120 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he has
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In the financial game, capital gains tax can feel like a persistent hurdle, chipping away at your investment returns year after year. But there’s good news: With a bit of know-how and some smart planning, you can minimize its bite. Capital gains tax is essentially a tax on the profit earned from selling assets like stocks, bonds, and real estate. While it can pose a substantial cost for investors, there are legitimate methods to reduce or avoid this tax altogether. How Is Capital Gains Tax Calcu
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Warren Buffett is the fifth-richest man in the world, according to the Forbes Real Time Billionaires Index, and one the most successful investors of this age. His company, Berkshire Hathaway Inc., reported a 40% rise in operating earnings in the third quarter. Berkshire Hathaway also reported a record $157.2 billion cash holding as of Sept. 30. The majority of Buffett's earnings came from his insurance business, with Geico reporting total underwriting earnings of over $1 billion in the last quar
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Mortgage rates continue to yo-yo wildly this week—with another dramatic drop Thursday. Plummeting a third of a percentage point, the 30-year mortgage average is at a 9-week low.
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U.S. equities were little changed at midday on Friday, Nov. 17, 2023, but headed for a winning week as reports on inflation slowing lifted optimism the Fed would not hike rates further.
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ChargePoint Holdings' stock slumped by nearly 38% to a record low on Friday after the electric vehicle (EV) charging network slashed its third quarter revenue forecast and replaced key executives. ChargePoint expects revenue to drop to between $108 million and $113 million, far below a previous forecast of between $150 million and $165 million, owing to weak demand caused by delays in electric vehicle deliveries in North America and Europe, the company said after the closing bell on Thursday. California-based ChargePoint also announced that longtime Chief Executive Pasquale Romano will be replaced by Rick Wilmer, its chief operating officer, effective immediately.
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A nonprofit that monitors online hate speech urged a U.S. federal judge to throw out what it called a "ridiculous" lawsuit by Elon Musk's X Corp to stifle free expression. X, formerly Twitter, sued the Center for Countering Digital Hate in July, accusing it of trying to drive advertisers away through a "scare campaign" showing hate speech and other harmful content appeared to be overwhelming the platform. This week, Musk, the world's richest person, sparked an outcry after endorsing as "the actual truth" an antisemitic post on X that falsely accused Jews of hating white people.
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Warren Buffett’s journey to success began early, marked by a keen interest in investing and learning from mentors like Benjamin Graham. He transformed Berkshire Hathaway Inc. from a textile company into a massive conglomerate, leveraging his value investing philosophy. Buffett’s disciplined approach to investments and business decisions made him one of the most successful investors of the 20th century. His unique approach to productivity and time management, especially in guiding his employees,
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Viatris is the old generic drug company Mylan, acquired by Pfizer and merged with its Upjohn division. The stock has been falling ever since the deal closed.
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Two companies behind the supplements brand Balance of Nature had flouted years of warnings, the FDA said.
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If I have a tax-deferred 401(k). Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer here is no. There's typically no method to totally dodge taxes on … Continue reading → The post Ask an Advisor: I Want to Roll Over My Money to a Roth IRA. How Do I Avoid Paying Taxes? appeared first on SmartAsset Blog.
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↗️ Gap (GPS): The clothing retailer’s stock rose 20% after [quarterly profit and revenue](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-11-16-2023/card/gap-stock-jumps-after-earnings-top-expectations-P1dqTHoqHsTjyY0zXpKw?mod=finance_l
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After a solid season of third-quarter results, a couple of retailers and Nvidia stock highlight the earnings calendar on Thanksgiving week.
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Larger technology stocks have burst higher, but it isn't the right time to unload them.
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The comments from Ma's office come a day after a regulatory filing showed that his family trust was set to sell 10 million American Depository Shares of Alibaba Group Holdings, for about $871 million. The phased sale is part of a long-standing "preset conditional plan to do a partial sell-down for the future" that was adopted in August, but "not a single share has been sold," the publication quoted Ma's office as saying. Alibaba did not respond to a Reuters request for comment.
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The prospect of a looming recession has been in the background for a while now. Financial prognosticators have generally agreed that one will hit eventually, although its timing and magnitude remain open to debate. But for those concerned about a recession’s impact on the economy and the markets, one legendary Wall Street name has a reassuring take on the matter. Billionaire Steve Cohen, who runs hedge fund Point72 Asset Management, a firm with $31.4 billion of assets under management, expects a
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(Bloomberg) -- ChargePoint Holdings Inc. shares plummeted in early trading after the company posted disappointing quarterly revenue and swapped out two of its top executives.Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsBacklash Spreads Over Musk’s Endorsement of Antisemitic PostApple Plans to Make It Easier to Text Between iPhones and AndroidsApple’s Effort to Replace Qualcom
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Citing new U.S. export rules on chips, Alibaba cancelled its hotly-anticipated cloud unit spinoff on Thursday in a shock move.
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EV-charging company ChargePoint sees third-quarter sales far below Wall Street estimates. Investors aren't happy.
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Just as Applied Materials (ticker: AMAT) was posting results, Reuters reported that it was under investigation for sending products to a Chinese company without the required licenses.
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Renault, DHL and more in the latest Market Talks covering the Auto and Transport sector.
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(Bloomberg) -- The red flags were flying all around Randy Miller. He’d already had bouts with bankruptcy. He’d been accused — not once, but three times — of defrauding business associates. He pointed to a partnership with international soccer powerhouse Manchester United, even though the other ties to professional teams he cited were over three decades old. Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is
( 39
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The SEC continues to delay decisions on applications for spot Bitcoin ETFs, a key catalyst for crypto markets.
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More homeowners are falling behind on their mortgage payments at Nationwide, the lender has said.
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Manufacturers need to cut costs as electric-vehicle inventories pile up, but this is easier said than done.
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Shares of Applied Materials fall following a report that says the Justice Department has begun a criminal probe of the semiconductor maker, Gap's adjusted earnings top estimates, and ChargePoint drops sharply after a revenue warning and CEO change.
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(Bloomberg) -- Fallout from an Elon Musk post endorsing antisemitic views continues to spread, with Tesla Inc. investors criticizing the billionaire and more advertisers fleeing his social media platform X.Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Between iPhones and Androids‘Fed-Friendly’ Data Lift Bonds as S&P 500 Wavers: Markets Wra
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(Bloomberg) -- Investors should offload risky assets after recent gains as technical and macroeconomic headwinds are building, according to Bank of America Corp.’s Michael Hartnett.Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Between iPhones and AndroidsApple’s Effort to Replace Qualcomm Chip in iPhone Falls Further BehindAlibaba Dives $2
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(Bloomberg) -- Jack Ma is preparing one of his biggest Alibaba Group Holding Ltd. stake reductions in recent years, and the timing could hardly be worse.Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Between iPhones and Androids‘Fed-Friendly’ Data Lift Bonds as S&P 500 Wavers: Markets WrapApple’s Effort to Replace Qualcomm Chip in iPhone Fa
( 34
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Shares of Swedish auto maker Volvo Cars fell 14% on Friday as its top owner, China's Geely, sold parts of its holdings at a deep discount to the previous day's closing price. Geely on Thursday launched a placing of some 100 million Volvo Cars shares, which the deal's bookrunner later said was sold at a price of around 37 Swedish crowns each, or around $350 million in total. Volvo Cars' share price fell to a low of 35.25 Swedish crowns, an all-time low, before recovering slightly.
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(Bloomberg) -- Alibaba Group Holding Ltd.’s market value has slumped to only about half that of rival Tencent Holdings Ltd. as the former’s e-commerce-centric business faces sluggish demand and intensified competition.Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Between iPhones and Androids‘Fed-Friendly’ Data Lift Bonds as S&P 500 Wavers:
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Larger technology stocks have burst higher, but it isn't the right time to unload them.
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(Bloomberg) -- Oil headed for a fourth weekly loss after sinking into a bear market as signs of healthy supplies and rising stockpiles offset attempts by OPEC+ leaders Saudi Arabia and Russia to keep declines in check.Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Between iPhones and Androids‘Fed-Friendly’ Data Lift Bonds as S&P 500 Wavers:
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(Bloomberg) -- Xi Jinping’s message that China wants to roll out the red carpet for foreign businesses stands in stark contrast to the increasing difficulties many companies experience on the ground. Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Between iPhones and Androids‘Fed-Friendly’ Data Lift Bonds as S&P 500 Wavers: Markets WrapApple
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Gold prices held steady on Friday but headed for their biggest weekly gain in four as the dollar and Treasury yields weakened amid growing expectations that the U.S. Federal Reserve is done with its monetary policy tightening. Spot gold was steady at $1,980.20 per ounce by 2:45 p.m. ET (1945 GMT) after rising to a two-week high earlier in the session. Prices were up about 2.2% so far this week.
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(Bloomberg) -- The savage sell-off that hit Treasuries in prior months was driven by concerns a buyers’ strike had hit the $26 trillion bond market. It’s now confirmed: at least one set of investors headed for the exits back in September.Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Between iPhones and Androids‘Fed-Friendly’ Data Lift Bond
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SHANGHAI (Reuters) -Li Auto said on Friday it will start mass production and delivery of its first fully electric car in February, as the up-and-coming Chinese automaker bets on fast-charging technology to solve range anxiety for EV users. Li Auto said its MEGA multi-purpose vehicle (MPV), with a waterdrop-shaped front design, is to be equipped with 800-volt charging architecture and Chinese battery giant CATL's latest Qilin batteries. The combination would give the MEGA a range of 500 km (310 miles) on a 12-minute charge, the company said.
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The Hong Kong-listed shares of Alibaba Group were set to fall 7.8% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties over U.S. restrictions on chips used in artifical intelligence applications. The stock was set to open at HK$75.0, the first reaction in Asia since the announcement late on Thursday. The company's U.S. listed securities closed down 9%.
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With CDs paying record rates in 2023, it's probably no surprise that Investopedia readers say they'd favor CDs two-to-one over cash savings if they had an extra $10,000.
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To recommend the best Medicare companies, we evaluated nine leading insurers across 22 criteria, including cost, additional coverage, customer experience, and more.
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ChatGPT maker OpenAI announced that Sam Altman has left the company after the company's board lost confidence in his leadership and transparency.
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The S&P 500 rose 0.1% on Friday, Nov. 17, 2023, and other major indexes were also little changed, but they all posted solid gains for the week amid positive inflation news.
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Markets may be betting the Federal Reserve’s campaign of anti-inflation rate hikes is over, but at least one official isn’t so sure.
( 18
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Eli Lilly announced it would spend $2.5 billion to build its first pharmaceutical manufacturing facility in Germany.
( 17
min )
Employer-provided health insurance expenses spiked this year as inflation and weight-loss drugs elevated costs.
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min )
United Auto Workers union members voted to ratify new contracts with Ford and Stellantis.
( 17
min )
Mechanics on strike against Tesla in Sweden were joined by dockworkers as union pressure against the EV maker mounts.
( 17
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Food insecurity has a negative impact on an economy as it causes productivity loss for several reasons. Learn more about the long-term effects of regular hunger.
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President Biden's economic theory rejects trickle-down economics and is a central point of his reelection campaign.
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Contributions to a traditional IRA can reduce your adjusted gross income (AGI), but Roth IRA contributions do not.
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Housing starts were up a better-than-expected 1.9% in October, while single-family building permits moved higher for the ninth-straight month, a sign that builders are gaining confidence.
( 17
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Mortgage rates continue to yo-yo wildly this week—with another dramatic drop Thursday. Plummeting a third of a percentage point, the 30-year mortgage average is at a 9-week low.
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U.S. equities were little changed at midday on Friday, Nov. 17, 2023, but headed for a winning week as reports on inflation slowing lifted optimism the Fed would not hike rates further.
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The federal estate tax exemption is the amount excluded from estate tax when a person dies. It's increased to $13.61 million in 2024, up from $12.92 million in 2023.
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A self-directed individual retirement account (SDIRA) is a type of IRA, managed by the account owner, that can hold a variety of alternative investments.
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Shares of Ross Stores surged after posting earnings, revenue, and comparable store sales that beat estimates as consumers sought out lower prices.
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min )
Gap shares soared to their highest level in almost two years as the apparel retailer beat quarterly estimates, although it warned about the upcoming holiday season.
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The annual percentage yield (APY) is the effective rate of return on an investment for one year taking compounding interest into account.
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Roth IRAs and 457 retirement plans offer different tax advantages, and you may be eligible to contribute to both.
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min )
Mark to market (MTM) is a method of measuring the fair value of accounts that can fluctuate over time, such as assets and liabilities.
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Robinhood has hiked the interest rate for its best customers' cash to 5.00% APY. That's great for a brokerage account, but the best savings accounts pay even more.
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President Joe Biden signed a stopgap spending bill to avert a government shutdown ahead of Friday's deadline that will keep the government funded until early next year.
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Bankruptcy can help you get a fresh start, but some types of debt are not alleviated when you file for bankruptcy. Several others are very difficult to get discharged.
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Title transfers can negatively affect taxes, and costs vary by state, which should be considered before transferring a house to your child.
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Despite better-than-expected earnings, Applied Materials shares fell following reports it's under investigation by the Justice Department for potential violations of export restrictions.
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Here are the limits for contributions and the income thresholds for individual retirement accounts for the 2023 and 2024 tax years.
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Property tax is an ad valorem tax assessed on real estate by a local government and paid by the property owner.
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U.S. President Joe Biden signed a temporary spending bill averting a government shutdown and Applied Materials shares fell following reports the U.S. government is investigating it for potential violations of export restrictions. Here’s what investors need to know today.
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Net investment income (NII) is the total of payments received from assets such as bonds, stocks, and mutual funds, loans, minus the related expenses.
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Form 1099-R is an IRS tax form used to report distributions from annuities, profit-sharing plans, retirement plans, or insurance contracts.
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Defined-benefit plans are funded by employers, while employees make contributions to defined-contribution plans to save for retirement.
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Today’s best nationwide CD rates are 5.80% APY, offered by Credit Human and Seattle Bank, and 5.76% APY, available from TotalDirectBank and Dow Credit Union.
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Supermarktketens Jumbo en Albert Heijn stoppen met de naam crompouce, bevestigen woordvoerders van beide ketens na berichtgeving van De Telegraaf. Het populaire product blijft wel in de schappen van beide supermarkten liggen, maar krijgt een andere naam.
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Medewerkers van de politie krijgen er vanaf juli volgend jaar gemiddeld 9,5 procent meer loon bij. Ook gaan hun arbeidsvoorwaarden erop vooruit. Dat is het resultaat van cao-onderhandelingen, die vrijdag tot een einde kwamen.
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Het UWV hoeft bij de beoordeling van mensen die een beroep doen op een arbeidsongeschiktheidsuitkering (WIA) voorlopig alleen te kijken naar hoeveel zij op dit moment verdienen. De schatting van hoeveel een persoon nog zou kúnnen verdienen vervalt tijdelijk.
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De gemeente Voorschoten heeft een boete gekregen van de privacytoezichthouder Autoriteit Persoonsgegevens (AP). De gemeente bewaarde informatie over afval van individuele huishoudens veel langer dan nodig was. Daarom moet de gemeente 30.000 euro betalen.
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min )
De Europese Commissie plaatst voorlopig geen advertenties op X, het voormalige Twitter dat sinds een jaar in handen is van Elon Musk. De Commissie is bezorgd over de grote hoeveelheid desinformatie en haatberichten die op het platform worden gedeeld.
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Vliegtuigen krijgen straks niet alleen maar fossiele brandstof in de tank als ze op Rotterdam The Hague Airport tanken. De luchthaven zal vanaf volgend jaar voor een klein deel ook duurdere biobrandstof door de kerosine mengen.
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min )
De exploitant van industrieterrein Chemelot in Geleen moet vrezen voor een boete van 7,5 miljoen euro, waarvan 5 miljoen voorwaardelijk. Doordat de uitbater geen goede toezichthouder was, konden volgens het Openbaar Ministerie meerdere ernstige ongelukken gebeuren.
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Het vogelgriepvirus dat vorige week werd ontdekt in een leghennenbedrijf in het Utrechtse Renswoude is een nieuwe variant. Ongeveer 65.000 kippen moesten worden geruimd. Ook wilde eenden en ganzen kunnen het virus overdragen.
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Het wordt voor Europese landen moeilijker om plastic afval te verschepen naar landen buiten de Europese Unie. Het Europese Parlement heeft samen met de lidstaten overeenstemming bereikt over aanscherping van de regels.
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min )
Rusland verkocht vorige maand voor 13 miljard dollar (12 miljard euro) aan olie, meldt het Russische ministerie van Financiën. Dat was meer dan voor de invoering van sancties die de olieopbrengsten van het land moesten raken.
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Vrijdag is 's werelds grootste Zara-winkel opengegaan aan de Coolsingel in Rotterdam. De winkel van de kledinggigant heeft vijf verdiepingen en een totale oppervlakte van 9.000 vierkante meter.
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Het plan om kinderopvang gratis te maken is voorlopig mislukt. Volgens de kinderopvangbranche hebben ze daar ook niet genoeg personeel voor. Liever zien de organisaties dat kinderopvang voor middeninkomens goedkoper wordt en de opvang ook toegankelijk wordt voor mensen zonder werk.
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De omslag naar schonere energie gaat niet zonder slag of stoot. Dat merken ook verkopers van zonnepanelen, die de markt de laatste maanden zien instorten. Tegelijkertijd is de bouw van enkele grote windparken stilgelegd, door tegenvallende kosten.
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min )
Je hebt vanaf volgend jaar WhatsApp niet meer nodig om foto's en video's van een Android-smartphone naar een iPhone te sturen en andersom. Apple voorziet zijn iPhones van zogenoemde RCS-ondersteuning, de opvolger van de sms.
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De omslag naar schonere energie gaat niet zonder slag of stoot. Dat merken ook verkopers van zonnepanelen, die de markt de laatste maanden zien instorten. Tegelijkertijd is de bouw van enkele grote windparken stilgelegd, door tegenvallende kosten.
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In delen van Almere kunnen nieuwe huizen niet meer worden aangesloten op het stroomnet, doordat het te vol is. Dat hebben netbeheerders onlangs laten weten aan het gemeentebestuur, dat zegt geschokt te zijn door de mededeling.
( 9
min )
IBM stopt met adverteren op het socialemediaplatform X. Advertenties van het technologiebedrijf waren zichtbaar onder berichten waarin nazi-Duitsland en de ideeën van Adolf Hitler werden opgehemeld.
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min )
De Italiaanse regering verbiedt de verkoop van vlees dat in een laboratorium is gekweekt. Het parlement stemde donderdag in met een wet die deze nieuwe vorm van vlees uit de Italiaanse winkelschappen moet houden.
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"We expect employees who are being considered for promotion to be in compliance," said an Amazon spokesperson.
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A growing number of student loan borrowers in dire financial straits are discharging their debts through bankruptcy—a feat that was nearly impossible until the administration of President Joe Biden changed the rules last year.
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A federal judge in Nevada has dealt another legal setback to Native American tribes trying to halt construction of one of the biggest lithium mines in the world. U.S. District Judge Miranda Du granted the government’s motion to dismiss their claims the mine is being built illegally near the sacred site of an 1865 massacre along the Nevada-Oregon line.
( 36
min )
The chip equipment maker beat Wall Street estimates, but its stock dropped on new report of Federal probe.
( 22
min )
Anheuser-Busch announced that its chief marketing officer for the U.S. is on his way out, months after Bud Light's controversial partnership with Dylan Mulvaney.
( 35
min )
(Bloomberg) -- Applied Materials Inc., the largest US maker of chipmaking machinery, slid in late trading following a report that it faces a US criminal investigation for violating export restrictions to China. Most Read from BloombergHamas Mastermind Who Tricked Israel Is Top Target in Gaza Tunnels‘Fed-Friendly’ Data Lift Bonds as S&P 500 Wavers: Markets WrapApple Plans to Make It Easier to Text Between iPhones and AndroidsBiden, Xi Declare Progress After Concluding Four-Hour SummitXi Says Chin
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Advance Auto Parts reported another "kitchen sink" quarter, and its stock slumped. Wall Street analysts aren't totally convinced of a turnaround.
( 26
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Semiconductor equipment maker Applied Materials is under U.S. criminal investigation for potentially evading export restrictions on China's top chipmaker SMIC, according to three people familiar with the matter. The largest U.S. semiconductor equipment maker is being probed by the Justice Department for sending hundreds of millions of dollars of equipment to SMIC without export licenses, one source, who requested anonymity because of the sensitivity of the investigation, said. Reuters is reporting details of the probe for the first time.
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Warren Buffett, the venerated investor and CEO of Berkshire Hathaway, is set to amass over $6 billion in dividend income in the coming year, with a significant portion of this windfall emanating from just three stocks. This substantial income stream underscores the effectiveness of Buffett's investment strategy, one that favors profitability and long-term value. Top Dividend Earners in Buffett’s Portfolio Buffett’s predilection for dividend-bearing stocks isn’t just a matter of preference; it’s
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"A lot of people will feel left out of the system," warned the AI-savvy tech investor Brad Gerstner, head of Altimeter Capital.
( 35
min )
General Electric stock is on fire, on track for its highest close in more than five years. Figuring out why shares of the American industrial conglomerate are rallying is a little more difficult.
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min )
Donald Trump’s social network is facing “substantial doubt” over its future as it seeks to renegotiate debt repayments, according to US filings.
( 35
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Amazon will begin selling Hyundai vehicles online in the U.S. starting next year, the two companies said on Thursday. Customers will be able to shop for, equip and buy a car at Amazon.com and schedule delivery through a local Hyundai dealer, the companies said. The agreement is an expansion of a deal announced two years ago to expand Hyundai's digital showroom on Amazon.com, enabling customers to configure a vehicle, calculate the price and locate a dealer to complete the sale.
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“I think the Fed’s overdone it. I think we’re going to see a lot more deflation going forward,” the ARK Invest CEO and founder said this week.
( 35
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Warren Buffett's Berkshire Hathaway has kept secret a billion-dollar stock investment, prompting speculation about what shares it bought.
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min )
In 2017, at the Daily Journal Corporation Annual Meeting, Charlie Munger, renowned for his investment expertise and role as Berkshire Hathaway’s vice chairman, addressed a range of topics, offering insights that extended beyond the financial realm. The Daily Journal Corporation, a significant legal affairs publishing company in Los Angeles, provided the setting for Munger’s discourse. During the meeting, Munger, then 93, replicated the essence of a Berkshire Hathaway shareholder meeting, delvi
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Brewer looks to win back its core buyers.
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In my 401(k) retirement plan, I’m 82% stocks. I’m 65 and still working. Should I be moving my stocks to bonds? -Bob While it's not a satisfying answer, the real answer is that "it depends." The decision of whether to shift your 401(k) to a more conservative asset allocation will depend primarily on your longer-term […] The post Ask an Advisor: ‘Should I Be Moving Stocks to Bonds?’ I’m 65 and Have 82% of My 401(k) in Equities appeared first on SmartReads by SmartAsset.
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My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets. If one or both of us have to go into … Continue reading → The post Ask an Advisor: Can a Nursing Home ‘Take Our IRA?' My Wife and I Are Elderly. We Have a $100K IRA and a Trust to Protect Our Assets. appeared first on SmartAsset Blog.
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Microsoft is pushing its AI software but it is also making advances in hardware. That could lessen its dependence on Nvidia and other chip makers such as AMD.
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min )
Opportunity still remains at Cisco but investors needed to be patient, say analysts and wait for its integration of Splunk.
( 21
min )
Intel upgraded, Target downgraded: Wall Street's top analyst calls
( 35
min )
Citi downgraded Plug Power stock to Hold from Buy. It was at least the seventh downgrade since the company issued a going-concern warning.
( 23
min )
The US dollar continues to consolidate against the Japanese yen, as we are a bit extended at extreme highs.
( 35
min )
New York shares of the Chinese e-commerce giant were down premarket after it said it would abandon its cloud segment spinoff plan.
( 27
min )
Mizuho Securities analyst Vijay Rakesh upgraded Intel stock to Buy after keeping it at Neutral for a bit more than two years.
( 21
min )
Workers at hundreds of Starbucks stores have begun walking off their jobs during a key promotional event on Thursday, demanding improved staffing and schedules, the Workers United said on social media platform X. The walkout comes on the coffee chain's "Red Cup Day" event, during which Starbucks hands out free red-colored, reusable, holiday-themed cups to customers on their coffee purchases. The event has typically been a major driver of store traffic, with data from Placer.ai showing a spike in visits on "Red Cup Day" over the years.
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The bank is facing a lawsuit claiming that it failed to detect an alleged Ponzi scheme.
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Macy’s (M) reported declining sales in its third quarter, but the department-store chain turned an unexpected profit as margins improved and costs came down.
Shares rose 10% to $13.90 in recent premarket trading. They are down 39% this year as of Wednesda
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min )
Alibaba's news that it won't spin off its cloud unit due to expanded U.S. export controls on chips is hurting shares.
( 20
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Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have $30,000 set aside for their big day, which you plan to hand over in the form of a check. However, before you pass along that much cash, it’s important to understand the […] The post Do I Need to Worry About the Gift Tax If I Pay $30,000 Toward My Child's Wedding? appeared first on SmartReads by SmartAsset.
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The retailer narrowly beats estimates on earnings and sales. It doesn't seem to be enough for investors, who came into the report with high expectations.
( 27
min )
A lot has changed since the Chinese president's last visit to the U.S. in 2017.
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China's Alibaba Group Holding reported second-quarter revenue on Thursday that was in line with analysts' estimates as the country's retail sector recovers from the effects of pandemic-fueled lockdowns. The Chinese e-commerce giant posted revenue of 224.79 billion yuan ($31.01 billion) in the quarter, compared with analysts' average estimate of 224.32 billion yuan, according to LSEG data. ($1 = 7.2481 Chinese yuan renminbi)
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Palo Alto Networks stock was dropping early Thursday as markets digested its unexpectedly weak billings.
( 22
min )
Opportunity still remains at Cisco but investors needed to be patient, say analysts and wait for its integration of Splunk.
( 21
min )
The billionaire has spent hundreds of millions of dollars buying and developing luxury property on the island, but now is in a bitter legal feud.
( 28
min )
The Treasury’s flexibility has pleasantly surprised investors, spurring a bond rally this month.
( 28
min )
MotorTrend's 2024 Car of the Year is a hybrid: the Toyota Prius. That's something for investors to think about.
( 33
min )
(Bloomberg) -- Raising Cane’s Restaurants has grown to more than 750 locations worldwide, drawing lines when its flagship Times Square store opened in New York this summer.Most Read from BloombergBiden, Xi Declare Progress After Concluding Four-Hour SummitIsrael Latest: Biden Defends Hospital Raid, Says Hamas UnbowedTrudeau Faces Calls to Exit With His Party Trailing in PollsXi Says China Seeks to Be Friends With US, Won’t Fight ‘Hot War’SpaceX Weighs Spinning Off Starlink Via IPO as Soon as 202
( 35
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(Bloomberg) -- Investors in Alibaba Group Holding Ltd. are showing little signs of optimism ahead of the Internet giant’s third-quarter results later today.Most Read from BloombergBiden, Xi Declare Progress After Concluding Four-Hour SummitIsrael Latest: Biden Defends Hospital Raid, Says Hamas UnbowedTrudeau Faces Calls to Exit With His Party Trailing in PollsSpaceX Weighs Spinning Off Starlink Via IPO as Soon as 2024Rolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThe stock slid immedi
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Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Target, Intel, Tencent Music Entertainment Group , and a Buy initiation at Wayfair. Mizuho Securities upgraded Intel (NASDAQ:INTC) to Buy from Neutral and raised its price target to $50.00 from $37.00. The analysts cited several reasons for this upgrade.
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Despite Eli Lilly's monster 66.8% gain on the year because of weight-loss drugs, the S&P 500 Pharmaceuticals index is down 2.3%.
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min )
(Bloomberg) -- Chinese stocks slid following a much-anticipated meeting between Presidents Joe Biden and Xi Jinping, as traders saw only modest progress in the strained ties and as fresh data renewed concern over the world’s second-largest economy. Most Read from BloombergBiden, Xi Declare Progress After Concluding Four-Hour SummitIsrael Latest: Biden Defends Hospital Raid, Says Hamas UnbowedTrudeau Faces Calls to Exit With His Party Trailing in PollsRolex, Patek Prices Hit Fresh Two-Year Lows:
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In the constantly evolving tech industry, tech giant Microsoft (NASDAQ:MSFT) has found a way to stay relevant year after year. Microsoft is undoubtedly one of the best businesses in the world, and financial metrics prove this, but that doesn’t necessarily mean you should buy its stock. Near an all-time high, Microsoft’s valuation just doesn’t make sense. Therefore, we are neutral on the stock. The Numbers Point Toward an Amazing Business There are several ways one could analyze Microsoft stock a
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Stocks that are under-earning and trading below historical averages may benefit if inflation continues to cool, according to Wolfe Research.
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min )
"All big rallies start with a golden cross, but not all golden crosses lead to a big rally," technical analyst Ari Wald of Oppenheimer has said.
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min )
"In equities, we retain a defensive stance and are unwilling to chase the past two weeks' rally," JPMorgan's Marco Kolanovic wrote.
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Investing.com-- Hong Kong-listed shares of Alibaba Group (HK:9988) (NYSE:BABA) fell on Thursday in anticipation of a quarterly earnings report which is expected to show whether the e-commerce giant weathered a downturn in China.
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Thanksgiving dinner will cost less this year, compared to 2022. Investopedia analyzed data from the USDA to see how much turkey and other Thanksgiving staples will cost you this year. Thanksgiving dinner will cost less overall but some items are still slightly pricier than last year.
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min )
Unrecaptured section 1250 gain is an IRS tax provision where depreciation is recaptured when a gain is realized on the sale of depreciable real estate.
( 24
min )
A growing number of student loan borrowers in dire financial straits are discharging their debts through bankruptcy—a feat that was nearly impossible until the administration of President Joe Biden changed the rules last year.
( 19
min )
Schedule C accompanies IRS Form 1040 and is used to report income or loss from a business or profession practiced as a sole proprietor.
( 24
min )
Officials at the Federal Reserve aren’t ready to do a victory lap in the wake of this week’s reports showing tamer price increases than expected—but they are acknowledging progress.
( 19
min )
Shares of online car sellers including Cars.com, CarMax, Carvana, and other online auto sellers tumbled on Thursday after Amazon announced the online retailer would sell cars starting in 2024.
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min )
A domicile is a home acquired with the intent to remain indefinitely. Learn how your domicile impacts many legal issues, including the taxes you pay.
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min )
The S&P 500 advanced for a third-straight session as the index ticked 0.1% higher on Thursday, Nov. 16 2023, following a mix of analyst ratings upgrades and warnings about customer spending from several big firms.
( 17
min )
Hyundai and Amazon have announced a partnership to sell vehicles online, with the automaker utilizing the AWS cloud.
( 17
min )
A tax year is the 12-month calendar period covered by a taxpayer's annual tax return.
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min )
Macy's shares took off after the department store chain beat profit and sales estimates as it increased margins, cut costs, and reduced inventory.
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min )
A surcharge is a fee, charge, or tax added but may not be included in the stated price of a good or service.
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min )
Despite being the last of the Big Three U.S. automakers to reach a tentative agreement, GM workers were the first to ratify it.
( 17
min )
You can use a $35,000 personal loan for almost anything, with a few exceptions. Learn what you can fund with a $35,000 and what is excluded.
( 25
min )
Tax-exempt is to be free from, or not subject to, taxation by regulators or government entities. Discover more about what it means to be tax-exempt here.
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min )
Palo Alto Networks shares slumped after the cybersecurity firm’s billings and current quarter guidance missed estimates as customers changed their IT spending.
( 17
min )
Rates on 30-year mortgages are moving wildly this week—first dropping almost a third of a point two days ago, but then reversing course yesterday with a big climb.
( 19
min )
While home builder sentiment hasn’t been this low since December 2022, interest rates could potentially fall and boost the housing market in the months ahead.
( 18
min )
Want to trade forex using bitcoin? Consider the risks and benefits before you hazard your hard-mined bitcoins in the currency markets.
( 26
min )
A 1099-INT is the tax form used to report interest income to investors and the IRS.
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min )
A sharp increase in unemployment claims last week has raised the question: is it just a temporary blip, like an earlier uptick this summer, or the first chills of widespread layoffs?
( 18
min )
Walmart (WMT)'s third-quarter earnings solidly topped analyst predictions as the company posted strong advertiser sales to third-party sellers on its marketplace, despite lackluster consumer spending and reduced grocery sales.
( 17
min )
The recent rally for U.S. equities sputtered at midday on Thursday, Nov. 16, 2023 after several companies warned about customer spending.
( 17
min )
Alibaba canceled its planned spinoff of its cloud computing arm, citing uncertainty following new U.S. export restrictions to China.
( 17
min )
Cisco Systems reported a slowdown in new product orders and shares plummeted.
( 18
min )
By investing at a younger age, you can harness the power of compounding—not penny-pinching—for profit.
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min )
A tax refund is a state or federal reimbursement to a taxpayer who overpaid the taxes that they owed for the year, often by having too much withheld from their paychecks.
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min )
The tax rules for stock options are complex. If you receive stock options, talk with your tax advisor to determine how these tax rules affect you.
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min )
Some gifts that a small business owner gives to their employees may be taxable, while others are not. Here's how to know the difference and understand record-keeping requirements and best practices.
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min )
A 1099-B is the tax form that individuals receive from their brokers listing their gains and losses from transactions made throughout the tax year.
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min )
A tax holiday is a temporary tax reduction or elimination for consumers or businesses that is offered through a federal or state government incentive program.
( 24
min )
Black Friday, the day after Thanksgiving, not only provides deals for shoppers but useful data for economists about the state of Americans' consumer confidence.
( 26
min )
The Phillips curve is an economic theory that inflation and unemployment have a stable and inverse relationship.
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min )
Shrinkflation is a form of inflation, most common in food and beverage, that consists of reducing a product's size while maintaining its retail price.
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min )
Deflation is the decline in prices for goods and services that happens when the inflation rate dips below 0%.
( 26
min )
Here are the best online brokerage accounts and trading platforms with low costs and fees plus the best trading experience, mobile apps, and more.
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min )
Learn how the tax laws apply to the proceeds earned from the sale of a home.
( 30
min )
Last week, when Moody’s Investor Service said the U.S. government was at risk of losing its last gold-plated credit rating, markets met the news with a yawn. Here’s why.
( 19
min )
The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work.
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Ring-fencing is a way of creating a virtual barrier that segregates part of an individual's or company's financial assets from the rest.
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min )
A genuine progress indicator (GPI) is a metric that measures the economic growth of a country. It is an alternative to gross domestic product (GDP).
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min )
Annualized income is an estimate of the amount of money that an individual, business, or investment asset will earn over the course of a year.
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min )
Winkeliers zien al zes kwartalen op rij minder producten over de toonbank gaan. Vooral kleding en schoenen worden minder gekocht. Alleen door prijsverhogingen weten ze hun omzetten nog te laten stijgen. Ondertussen loopt het aantal winkelsluitingen op.
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Terwijl LEGO-blokjes tijdens de coronapandemie niet aan te slepen waren, worden de steentjes tegenwoordig steeds vaker van de hand gedaan via verkoopsites voor tweedehands spullen. Op veilingsite Catawiki zijn er nog wel LEGO-fans te vinden.
( 9
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The Guardian heeft een ruim twintig jaar oude brief van Osama Bin Laden van zijn website gehaald. De tekst, waarin Bin Laden uitlegt dat zijn oorlog tegen de Verenigde Staten deels door hun steun aan Israël komt, werd de afgelopen dagen ineens veel gedeeld op TikTok.
( 10
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Een Utrechtse bakker die claimt de uitvinder van de crompouce te zijn, maakt weinig kans in een juridische strijd tegen na-apers van de kruising tussen een croissant en tompouce. De crompouce is als merk niet onderscheidend genoeg, stellen juristen.
( 10
min )
Automobilisten merken dat brandstofprijzen dalen en rijden opgelucht weg na het tanken. De prijs van een liter benzine is gezakt naar het laagste niveau sinds half juli, vlak nadat de accijnzen waren verhoogd. Ook diesel wordt steeds goedkoper.
( 9
min )
Twee pensioenfondsen investeren de komende tijd samen 400 miljoen euro in de bouw van vijftienhonderd huurwoningen. Het moeten betaalbare huizen worden met een huur van tussen de 650 en 960 euro per maand.
( 8
min )
De Europese Commissie heeft besloten om het omstreden bestrijdingsmiddel glyfostaat nog eens tien jaar toe te staan. Wel schrijft de commissie een aantal nieuwe voorwaarden en beperkingen voor.
( 9
min )
Het is donderdag niet mogelijk om ov-fietsen te huren. Er is volgens de NS een storing in het systeem waarmee ov-fietsen in- en uitgecheckt worden. Het is wel mogelijk om een ov-fiets in te leveren.
( 8
min )
De staat New York heeft frisdrank- en snackproducent PepsiCo woensdag aangeklaagd. Het Amerikaanse concern wordt beschuldigd van milieuvervuiling en het in gevaar brengen van de volksgezondheid met zijn plastic flessen, doppen en verpakkingen.
( 8
min )
Amerikaanse overheidsdiensten hoeven niet vlak voor de feestdagen te sluiten. Dat is het resultaat van een akkoord over de begroting. Zonder het akkoord zouden tal van diensten dicht moeten en krijgen miljoenen ambtenaren geen loon.
( 9
min )
Omwonenden van Tata Steel dreigen met een rechtszaak tegen de provincie Noord-Holland als die niet meer boetes int bij de staalfabrikant. Volgens omwonendengroep Frisse Wind wordt een bestaand verbod op schadelijke uitstoot bij de kooksfabrieken van het bedrijf onvoldoende gehandhaafd.
( 12
min )
The Gates Foundation Trust and Bridgewater Associates built stakes in Nvidia last quarter, but other top investors pared or exited their bets.
( 35
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This isn't the first time Taylor Swift has occupied the head space of Wall Street forecasters and economists this year.
( 35
min )
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Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 5.80% from Seattle Bank and Credit Human, and 5.76% from TotalDirectBank and Dow Credit Union.
( 21
min )
Alibaba is expected to report earnings of $2.11 a share on revenue of $31 billion in the September quarter.
( 23
min )
(Bloomberg) -- Cisco Systems Inc., the largest maker of computer networking equipment, plunged in late trading after giving a disappointing forecast, adding to concern that corporations are reining in their technology spending.Most Read from BloombergBiden, Xi Open Talks Stressing Need to Fix US-China TensionsS&P 500 Tops 4,500 as Treasury Euphoria Dwindles: Markets WrapRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USSpaceX Wei
( 35
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SpaceX could try to launch the fully reusable Starship rocket as soon as Friday.
( 25
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Lawyers for the founder of truckmaker Nikola Corp. say he should not face incarceration because his fraud conviction is nothing like the fraud that landed Theranos founder Elizabeth Holmes in prison. The lawyers told a Manhattan federal court judge in a filing late Tuesday that Trevor Milton never acted in a “greedy or mean-spirted way” as he built a pioneering company looking to take the battery- and hydrogen-electric trucking world to new heights. Milton, 41, was convicted last year of fraud for duping investors with exaggerated claims about his company’s production of zero-emission trucks.
( 35
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Reports from Palo Alto and Cisco are going to raise new concerns about the strength of corporate IT spending.
( 22
min )
Cisco Systems cut its annual revenue forecast on Wednesday, a sign that demand for its networking equipment was slowing in an uncertain economy. For the full year, the company said it expects revenue between $53.8 billion and $55.0 billion, and adjusted per-share earnings between $3.87 and $3.93. Cisco had previously forecast annual revenue of $57.0 billion to $58.2 billion, and adjusted per-share earnings of $4.01 to $4.08.
( 33
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The latest Federal Reserve study revealed a concerning trend among American households, particularly those outside the wealthiest 20%, according to a Bloomberg report. Since the onset of the COVID-19 pandemic, they have depleted their extra savings and have less liquid assets than they had before the pandemic began. If this is you, consider speaking to a financial advisor. As of June, the bottom 80% of households by income, when adjusted for inflation, had lower bank deposits and other liquid as
( 35
min )
Mobile phone discounts are out; fertility benefits are in, a new Glassdoor survey reveals.
( 34
min )
Broadcom, Inc. (AVGO) shares have catapulted 74% in 2023. When you study the money flow picture, it’s obvious why.
( 34
min )
New York Attorney General Letitia James announced a lawsuit against PepsiCo Inc. on Wednesday, accusing the soda-and-snack food giant of polluting the environment and endangering public health after its single-use plastics were found along the Buffalo River. The lawsuit filed in state Supreme Court aims to require PepsiCo and its subsidiaries, Frito-Lay Inc. and Frito-Lay North America Inc., to clean up its mess, where its single-use plastic packaging including food wrappers and plastic bottles have found a way to the shores of the Buffalo River and watershed, contaminating drinking water supply for the city of Buffalo.
( 35
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Zim’s headline loss looks ugly, but most of the decline was non-cash and it still has ample reserves to weather the downcycle. The post Massive impairment charge drags shipping line Zim to $2.3B loss appeared first on FreightWaves.
( 37
min )
Treasury floating-rate securities have two-year maturities and have a rate that adjusts each week based on the weekly auction of three-month T-bills. They are an alternative to U.S. Treasury bills.
( 24
min )
It's filing season for a string of major hedge funds, and big tech names like Apple, Microsoft, and Nvidia were among the most-traded equities in the third quarter.
( 24
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Retirement, ideally a period of relaxation and enjoyment after years of hard work, is often envisioned as a time to pursue hobbies, travel or simply unwind. But for many, this phase of life is marred by financial worries, transforming what should be a golden era into a source of dread. A recent study from Zety sheds light on this growing concern, revealing that 40% of Americans fear retirement more than death, primarily because of financial insecurities. Don't Miss: How Much Cash Can I Expect To
( 34
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After revisiting 8% territory for one day, 30-year mortgage rates plunged Tuesday, dropping almost a third of a point. Rates moved dramatically downward for many loan types.
( 21
min )
(Bloomberg) -- Electric-vehicle maker Rivian Automotive Inc. released what would usually be a startling announcement for the municipal-finance market: A potential $15 billion bond for a Georgia campus, that would in theory be the largest ever muni sale and nearly the size of the company’s market cap.Most Read from BloombergRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USUS Frustration With Israel Grows as Gaza Civilian Deaths M
( 36
min )
Low- and middle-income workers who aren't covered by a workplace retirement savings plan would get access to the federal Thrift Savings Plan, under a bipartisan bill introduced in the U.S. Senate recently. "Americans who work hard their entire lives deserve to retire with dignity," Sen. John Hickenlooper, D-CO, said in a statement. "This bill helps […] The post This New Federal Proposal Could Give You a 5% Match on Your Retirement Contributions appeared first on SmartReads by SmartAsset.
( 35
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(Bloomberg) -- Nvidia Corp. is on pace to rise for a record 11th consecutive session even as at least one technical signal flashes a warning that the stock’s rally is showing signs of overheating.Most Read from BloombergRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USS&P 500 Up 2% as Bets ‘Fed Is Done’ Sink US Yields: Markets WrapUS Frustration With Israel Grows as Gaza Civilian Deaths MountIsrael Latest: Troops Reported Inside
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min )
If you’re investing successfully, then it might be nice to see the total value of those investments growing over time, but are you aware that significant growth can put you in a higher tax bracket? This is one way that many people end up owing a lot more tax than they anticipate. Long-term capital gains […] The post Can My Capital Gains Push Me Into a Higher Tax Bracket? appeared first on SmartReads by SmartAsset.
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Warren Buffett-led conglomerate Berkshire Hathaway requested one or more of its equity holdings be kept confidential. Big holdings in Apple, Bank of America, and Coca Cola were unchanged.
( 29
min )
Off-price retailer TJX says it expects fiscal fourth-quarter earnings between $1.07 and $1.10, while Wall Street expected $1.12.
( 19
min )
(Bloomberg) -- Billionaire Stanley Druckenmiller’s family office led investment firms for the world’s rich in trimming artificial intelligence bets last quarter, pocketing gains from one of this year’s hottest trends.Most Read from BloombergRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USUS Frustration With Israel Grows as Gaza Civilian Deaths MountWorld’s Best Performing Office Market Has Occupancy of Over 98%S&P 500 Up 2% as
( 35
min )
Michael Burry, the famed “The Big Short” investor, looks to be narrowing his bearish call on U.S. stocks overall down to one of the buzziest areas in the market.
( 23
min )
Big holdings in Apple, Bank of America, and Coca Cola were unchanged.
( 22
min )
JD.com reports earnings of 92 cents a share on revenue of $34.2 billion in the third quarter.
( 22
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Goodyear said the board is considering both internal and external candidates to succeed Kramer, who has served as the CEO since 2010. The company will pursue strategic alternatives for its chemical business, its Dunlop brand and its Off-the-Road equipment tire business. Goodyear expects gross proceeds in excess of $2 billion from its portfolio optimization initiatives and a doubling of segment operating margin to 10% by the fourth quarter of 2025 from about 5% currently.
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TJX beat Wall Street estimates for the third quarter, but its guidance failed to impress investors ahead of what’s expected to be a tepid holiday shopping season.
The off-pric
( 23
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Target sales fell in the period just before the holiday shopping season as it grappled with choosy shoppers cutting spending on some products and visiting stores less often.
( 29
min )
1 in 4 charitable dollars goes into 'dark money' funds that have no obligation to actually donate to charity—but their donors still get all the benefits
( 36
min )
Advance Auto Parts estimates fiscal-year earnings of $1.40 to $1.80 a share, well below previous guidance.
( 20
min )
Chinese electric-vehicle maker XPeng announced an adjusted loss of $380 million from sales of $1.2 billion. Wall Street was looking for a $400 million loss and sales of $1.1 billion, respectively.
( 23
min )
Tapping into your retirement savings before age 59.5 typically triggers a 10% early withdrawal penalty in addition to the income taxes you'll owe. Using Internal Revenue Service Rule 72(t) can help you generate income from your nest egg in your 50s or earlier without paying that penalty. If you use it, you'll still have to […] The post I Have Enough in My Retirement Accounts. Can I Use Rule 72(t) to Retire Early? appeared first on SmartReads by SmartAsset.
( 35
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I'm 54 with 26 years of service as a nurse. We go by the rule of 80 (your age plus years of service = 80) on our retirement plan. It will cover my health insurance. My pension will be around $7,000 per month minus taxes. I have a combined $750,000 in a 403(b) and Roth […] The post Ask an Advisor: I'm a 54-Year-Old Nurse With $1 Million in Assets and a $7k Monthly Pension. Can I Retire Now? appeared first on SmartReads by SmartAsset.
( 36
min )
Target's earnings smash estimates, Berkshire Hathaway purchases a stake in Sirius XM in the third quarter, and Advance Auto Parts slumps after a surprise quarterly loss.
( 24
min )
Citadel founder Ken Griffin says managers are less likely to fight for remote and hybrid workers in a layoff process.
( 34
min )
XPeng’s losses widened in the third quarter, even as vehicle sales jumped and the Chinese electric-car maker forecast a near-doubling of revenue in the final quarter of the year.
( 27
min )
Big holdings in Apple, Bank of America, and Coca Cola were unchanged.
( 23
min )
Chinese e-commerce giant JD.com beat analyst estimates for quarterly profit and revenue, helped by a better performance in its main business lines and cost controls.
( 27
min )
(Bloomberg) -- JD.com Inc. posted a stronger-than-expected 1.7% rise in quarterly revenue, after heavy promotional spending propelled online transactions in the face of intense competition.Most Read from BloombergRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USS&P 500 Up 2% as Bets ‘Fed Is Done’ Sink US Yields: Markets WrapIsrael Latest: Troops Reported Inside of Gaza Hospital CompoundTrump Insists on ‘Disclaimer’ Defense Alrea
( 35
min )
Alstom said it planned to scrap its dividend and cut around 1,500 jobs as part of a cost-savings plan, but shares fell sharply and could remain volatile until the question of whether it will raise capital is resolved, analysts said.
( 26
min )
Infineon met its fiscal 2023 targets and proposed a higher dividend after beating expectations for net profit and revenue in the fourth quarter.
( 26
min )
Cisco faces a tough operating environment. Telecommunications equipment providers have been seeing soft demand,
( 25
min )
(Bloomberg) -- Financial results from Tencent Holdings Ltd. and Alibaba Group Holding Ltd. will likely test the strength of a $44 billion rally in China’s technology sector this month.Most Read from BloombergS&P 500 Up 2% as Bets ‘Fed Is Done’ Sink US Yields: Markets WrapRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USBiden, Xi to Announce China’s Crackdown on Fentanyl TradeTrump Insists on ‘Disclaimer’ Defense Already Tossed i
( 35
min )
In redesigning the popular midsize car, Toyota is ditching a gas-only version as it works to expand hybrid options across its lineup.
( 29
min )
Berkshire’s stock portfolio is concentrated in five companies: Apple, Bank of America, American Express, Coca-Cola and Chevron.
( 28
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The changes were disclosed in a regulatory filing that detailed Berkshire's U.S.-listed stock holdings, which comprise most of its $318.6 billion equity portfolio, as of Sept. 30. Berkshire sold $7 billion of stocks and bought just $1.7 billion in the third quarter, a down period for its stock holdings led by Apple, whose share price fell 12%.
( 33
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America's huge debt balance is worrying economists - but the situation may not be as bad as it sounds.
( 35
min )
Michael Burry's Scion Asset Management bought bearish put options on a semiconductor ETF that counts Nvidia among its largest holdings.
( 34
min )
Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 5.80% from Seattle Bank and Credit Human, and 5.76% from TotalDirectBank and Dow Credit Union.
( 19
min )
Bill Ackman's Pershing Square Capital Management nearly doubled its stake in Alphabet's Class A shares in the third quarter, valuing the firm's full stake in the company, including investment in Class C shares, to $1.8 billion
( 18
min )
Syringe maker Catalent said it expects to benefit from soaring demand for injectable weight-loss drugs, and shares surged.
( 18
min )
A qualifying relative can be designated a dependent for tax purposes if financially supported by the taxpayer. Learn more about how this affects your taxes.
( 24
min )
The S&P 500 posted gains of 0.2% on Wednesday, Nov. 15, 2023, with positive inflation news helping send U.S. equities higher.
( 17
min )
Form W-2 reports an employee's annual wages and the amount of taxes withheld from their paycheck. Here's why you need a W-2 and how it is used.
( 31
min )
During a conference at Georgetown University on Wednesday, CFTC Chairman Rostin Behnam claimed that no legislative changes have been made to prevent another FTX.
( 17
min )
Microsoft announced the Azure Maia AI Accelerator, a new AI chip to meet AI demand, and upgrades to its generative AI tool, Copilot.
( 18
min )
Target (TGT) shares gained 18% Wednesday after the big-box retailer posted Q3 earnings that blew past analysts' expectations, though the company expects sales to be down again in the current quarter as consumers cut down on discretionary spending.
( 18
min )
Shares of TJX tumbled after the retailer lowered its guidance for the key holiday quarter.
( 17
min )
A principal residence is the home that a person inhabits and uses most of the time. Learn how this can impact your taxes when it's time to sell your property.
( 24
min )
Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B) exited its positions in General Motors and Celanese Corp. (CE) in the third quarter but bought shares of Sirius XM and acquired a stake in Atlanta Braves Holdings—the owner of the namesake Major League Baseball (MLB) club.
( 18
min )
If high mortgage rates are stopping you from house hunting—a pretty common boat to be in these days—there may be some relief on the horizon, a prominent economist predicted.
( 18
min )
Generative AI, a form of artificial intelligence capable of generating text, images, or other media, has already impacted the world economy, with much more to come. Whether it has been a positive force depends primarily on one's economic status.
( 27
min )
A utility patent is a patent that covers the creation of a new or improved—and useful—product, process, or machine.
( 23
min )
David Tepper's hedge fund Appaloosa Management left positions in Apple (AAPL) and China-focused ETFs in the third quarter while raising its bets on other tech giants like Amazon (AMZN), Microsoft (MSFT) and Meta (META), according to a recently-filed 13-F report
( 18
min )
If you travel for work, you may be able to deduct mileage expenses from your taxes. Find out if you qualify and how to document it.
( 25
min )
IRA account holders receive Form 5498 which includes information about their contributions, rollovers, Roth conversions, and required minimum distributions.
( 27
min )
The rally in U.S. equities continued at midday on Wednesday, Nov. 15, 2023, as a report on producer prices showed a slowdown in wholesale inflation.
( 18
min )
Your retirement security depends on how well you built your nest egg. Find out how to get the most out of your 401(k) plan.
( 30
min )
XPeng sold more EVs in the third quarter, but higher costs led to a wider loss in the period.
( 17
min )
Lower prices and reduced spending help JD.com post better-than-expected third quarter results.
( 17
min )
A transfer tax is a charge levied on the transfer of ownership or title to property from one individual or entity to another.
( 24
min )
The European Union's executive arm said it expects the eurozone economy to rebound next year as inflation eases amid a robust labor market.
( 17
min )
You can try to win big at the casino but make sure you understand tax laws before you do. Gambling winnings are taxable income but losses are deductible.
( 26
min )
Learn the IRS rates and inflation adjustments for 2024 federal taxes—tax brackets, standard deductions, new IRA rules, and more.
( 27
min )
Tax preparation fees depend on the complexity of your return, who completes it, and where you live.
( 24
min )
After revisiting 8% territory for one day, 30-year mortgage rates plunged Tuesday, dropping almost a third of a point. Rates moved dramatically downward for many loan types.
( 19
min )
Billionaire hedge fund manager Seth Klarman changed his mind on Amazon again, exiting a stake he took in the second quarter.
( 17
min )
In its largest drop in more than three years, the wholesale-focused Producer Price Index showed prices decline 0.5%, driven lower by a 15.3% decrease in gasoline prices
( 18
min )
A real estate investment group (REIG) invests by buying, selling, and financing real estate. Read how to get started investing in REIGs.
( 27
min )
A high discount rate causes loans to be more expensive and encourages people to save more money. This could be considered contractionary monetary policy.
( 22
min )
Target shares surged after it blew past quarterly earnings estimates on better sales of high-frequency categories and the government's monthly Producer Price Index is expected to show wholesale inflation slowing. Here’s what investors need to know today.
( 18
min )
By the end of October, there were 20 times as many job postings mentioning generative AI-related keywords than when the year began.
( 18
min )
In het derde kwartaal zijn 11.200 vergunningen voor nieuwbouwhuizen afgegeven. Dat is 27 procent minder dan een kwartaal eerder en is het kleinste aantal in jaren. In het tweede kwartaal was er ook al een kleine krimp, meldt statistiekbureau CBS.
( 9
min )
Vrije-uitloopeieren blijven ondanks de nieuwe ophokplicht vanwege de vogelgriep gewoon te koop. Toen kippen vorig jaar en in de eerste helft van 2023 binnen moesten blijven, konden boeren en winkels die eieren alleen nog verkopen als scharrelei. Dat hoeft van de EU nu niet meer.
( 9
min )
De Europese Commissie wil het voor arbeidsmigranten van buiten de Europese Unie makkelijker maken om in EU-lidstaten aan de slag te gaan. Eén van de middelen is een banenwebsite speciaal voor werkzoekenden van buiten de EU en werkgevers die geen personeel kunnen vinden.
( 9
min )
De economie van Oekraïne herstelt zich dit jaar goed van de impact van de Russische invasie. Volgens Eurocommissaris Paolo Gentiloni komt dat door de goede oogsten en internationale steun.
( 8
min )
Een Utrechtse bakker zegt dat ze de nu razend populaire crompouce al in 2020 heeft bedacht. En omdat ze die kruising tussen een croissant en een tompouce als merk heeft geregistreerd, gaat ze de juridische strijd aan met na-apers.
( 9
min )
De Europese Commissie wil het voor arbeidsmigranten van buiten de Europese Unie makkelijker maken om in EU-lidstaten aan de slag te gaan. Eén van de middelen is een banenwebsite speciaal voor werkzoekenden van buiten de EU en werkgevers die geen personeel kunnen vinden.
( 9
min )
Het loket van het STAP-budget is vandaag om 10.00 uur voor de laatste keer geopend. Ruim elfduizend mensen hebben de vergoeding via het inschrijfportaal van het UWV aangevraagd. Binnen een uur was het potje van 10 miljoen euro leeg.
( 8
min )
Er ging dinsdag een streep door de krimpplannen voor Schiphol, mede door druk vanuit de Verenigde Staten. Maar het is onzeker of Amerikaanse luchtvaartmaatschappijen hiervan profiteren. Mogelijk komt er geen extra ruimte voor vliegbedrijven zoals JetBlue op Schiphol.
( 9
min )
Een groot onderzoek naar btw-fraude heeft vorige week geleid tot invallen in verschillende Europese landen. Ook in Nederland werden meerdere invallen gedaan, meldt het Europese openbaar ministerie (EPPO) woensdag.
( 3
min )
Vijf Iraniërs die in de jaren tachtig slachtoffer werden van Iraakse gifgasaanvallen hebben recht op een schadevergoeding van het Nederlandse bedrijf Forafina. Een ander Nederlands bedrijf werd juist vrijgesproken.
( 9
min )
Een "onafhankelijk bestuurlijk kopstuk" moet gaan helpen bij de afhandeling van schades aan huizen langs het Kanaal Almelo-De Haandrik. De provincie Overijssel wil deze en andere aanbevelingen uit het rapport van Mona Keijzer over het zogenoemde kanaaldrama overnemen.
( 9
min )
De Britse inflatie is vorige maand afgenomen tot het laagste niveau in twee jaar. Dat is gunstig voor premier Rishi Sunak, die heeft beloofd de prijsgroei te beteugelen voor de verkiezingen in 2024.
( 9
min )
De concentratie broeikasgassen in de atmosfeer is vorig jaar opnieuw snel gestegen. Voor het eerst zit er 1,5 keer zo veel CO2 in de lucht als voor het industriële tijdperk.
( 9
min )
Installateurs plaatsen in 2023 naar verwachting een recordaantal van 167.000 warmtepompen. Dat is bijna 52 procent meer dan vorig jaar. De techniekbranche ziet ook steeds meer eigenaren van bestaande woningen overstappen op een warmtepomp.
( 9
min )
Een groot onderzoek naar btw-fraude heeft vorige week geleid tot invallen in verschillende Europese landen. Ook in Nederland werden meerdere invallen gedaan, meldt het Europese openbaar ministerie (EPPO) woensdag.
( 8
min )
Op Facebook verscheen woensdagochtend de melding dat vandaag de verkiezingen voor de Tweede Kamer worden gehouden. Daarmee is Facebook een week te vroeg, want pas op 22 november gaan we stemmen.
( 9
min )
Chemiebedrijven moeten stoppen met het produceren van pfas, zeggen ruim vijftig institutionele beleggers. Ze roepen de topbestuurders van de vijftig grootste beursgenoteerde chemiebedrijven ter wereld op om deze stoffen te vervangen door veiligere alternatieven.
( 9
min )
Twee Nederlandse ondernemers willen de concurrentie aangaan met Eurostar door een nieuwe treinverbinding op te tuigen. De zogeheten Heuro moet goedkoper worden en vaker rijden dan de de concurrent. Ook zou die tot aan Groningen doorrijden.
( 9
min )
TikTok komt met de functie Add to Music App. Daarmee kunnen gebruikers nummers die ze via TikTok ontdekken opslaan bij hun favoriete streamingdienst. De service wordt eerst in de Verenigde Staten en het Verenigd Koninkrijk uitgerold. Later volgen andere landen.
( 8
min )
De laatste 10 miljoen euro van het bekritiseerde STAP-budget wordt vandaag verdeeld. Het budget verdwijnt volgend jaar vanwege bezuinigingen. Ook was er kritiek omdat veel opleiders misbruik maakten van de regeling.
( 11
min )
Het is de laatste keer dat mensen het STAP-opleidingsbudget kunnen aanvragen, dat maximaal 1.000 euro bedraagt. De regeling kreeg eerder veel kritiek, omdat het budget ook werd gebruikt voor snoepreisjes en cursussen die niets met werk te maken hadden.
( 9
min )
TikTok komt met de nieuwe functie Add to Music App. Daarmee kunnen gebruikers nummers die ze via TikTok ontdekken, opslaan bij hun favoriete streamingdienst. De service wordt eerst in de Verenigde Staten en het Verenigd Koninkrijk uitgerold. Later volgen andere landen.
( 8
min )
Het RIVM stelde ruim dertig jaar geleden al voor om onderzoek te doen naar de grafietregens in de omgeving van Tata Steel, blijkt uit onderzoek van NU.nl. Doordat het onderzoek nooit werd uitgevoerd, hoorden omwonenden pas in 2019 dat er schadelijke stoffen in zaten.
( 12
min )
There’s no secret that markets experienced a decline from August to October, but November has proven to be a fruitful period for investors. The S&P 500 has surged by 7% this month, while the tech-focused Nasdaq has shown even stronger growth, with gains of approximately 10%. Watching the scene from Bank of America, chief investment strategist Michael Hartnett believes that there are compelling reasons to remain optimistic about the near-term outlook. Noting that investors have been worried about
( 37
min )
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The best CD rates are often offered by smaller banks and credit unions. But right now, BMO—the 12th largest U.S. bank—is offering the highest nationwide rate in two CD terms.
( 19
min )
Schwab’s integration of TD Ameritrade customers continues to weigh on its asset growth.
Clients from TD Ameritrade pulled a net $4.8 billion of core assets in October, according to the company’s monthly report released Tuesday. All other Schwab customers added a net $16.1 billion. That brings core
( 24
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JD.com reports third-quarter earnings Wednesday. The results could reinforce the bullish investment case for China at a tough time for the world’s second-largest economy.
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C3 AI and Amazon expanded their strategic collaboration agreement to have C3 AI provide Amazon Web Services with artificial intelligence software.
( 19
min )
(Bloomberg) -- Cathie Wood said that deflation is already underway in the US across industries and will force the Federal Reserve to kick off a big interest-rate cutting cycle.Most Read from BloombergS&P 500 Up 2% as Bets ‘Fed Is Done’ Sink US Yields: Markets WrapBiden, Xi to Announce China’s Crackdown on Fentanyl TradeRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USApple Gets 36% of Google Revenue in Search Deal, Expert Says“T
( 35
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Although Truth Social aspires to compete with Big Tech, the conservative-friendly social network's financial performance has slumped badly.
( 34
min )
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After wavering in the upper 7% range for a week and half, rates on 30-year mortgages jumped back to 8% territory Monday. The 5/6 ARM average also hit 8.00%.
( 21
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Shareholders are hoping that the meeting between President Biden and Chinese President Xi Jinping at the APEC summit in San Francisco this week may provide the spark to prompt China to approve Broadcom’s merger deal with VMware.
( 28
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The Federal Reserve will slash borrowing costs by an eye-popping 275 basis points next year, the Swiss bank said Tuesday in a research note.
( 34
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The brokerage firm suffered from the loss of some TD Ameritrade clients and advisors.
( 22
min )
GE announced the boards of directors for its coming spinoffs: its power-generation business, called GE Vernova, and GE's aviation business, dubbed GE Aerospace.
( 23
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Jeff Bezos, the billionaire founder of Amazon.com Inc., is often cited as a quintessential success story. His journey from launching a bookstore in his garage with a loan from his parents to becoming the third-richest person in the world is nothing short of amazing. The former Amazon CEO shared his perspective on the nature of stress in leadership roles. During a 2020 fireside chat in Mumbai with actor Shah Rukh Khan and filmmaker Zoya Akhtar, Bezos offered insights that diverge from conventiona
( 35
min )
(Bloomberg) -- Stocks climbed while bond yields sank as an unexpected inflation slowdown bolstered bets the Federal Reserve’s aggressive hiking cycle is now over — and its next move will be a cut in mid-2024.Most Read from BloombergBiden, Xi to Announce China’s Crackdown on Fentanyl TradeThailand Takes $28 Billion Malacca Strait Bypass Plan to USS&P 500 Up 2% as Yields Tumble After CPI Surprise: Markets WrapRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexWall Street Divided Over Just H
( 37
min )
Palantir Technologies stock has been on a tear this year, and the gains continued Tuesday as the shares traded near a two-year high.
( 20
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Fear not: There are smart ways to ensure that your retirement nest egg keeps growing. Just be aware of the risks and be sure to read the fine print.
( 30
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Investor sentiment is turning positive, as this month’s significant market gains roll on. The pace of inflation continues to decelerate, easing a major headwind, and the S&P 500 is up almost 17% year-to-date. Watching the market situation for Goldman Sachs, chief US equity strategist David Kostin notes that the sound third quarter earnings have provided additional support for the index’s recent gains, writing, “S&P 500 3Q earnings results were stronger than expected and represented the first qua
( 38
min )
(Bloomberg) -- Donald Trump’s social-media business generated just $2.3 million in sales in the first half of the year on its way to a loss, underscoring the nascent company’s struggles as it pushes to close a deal that would make it publicly traded.Most Read from BloombergBiden, Xi to Announce China’s Crackdown on Fentanyl TradeThailand Takes $28 Billion Malacca Strait Bypass Plan to USWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts T
( 35
min )
The electric vehicle maker is heading for a third day of gains.
( 21
min )
Tesla is taking an unusual step to make sure no one gets gouged buying a Cybertruck in the used car market.
( 25
min )
Some financial products like life insurance or tax-advantaged retirement accounts require you to name one or more beneficiaries. However, that's not the case with many assets. For instance, you can buy a house or set up a savings account without … Continue reading → The post Differences of Beneficiary Designations vs. Wills appeared first on SmartAsset Blog.
( 34
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The stock market is getting a jolt from the inflation report. This is not the kind of rally that will likely peter out.
( 21
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The experts typically say that you’re better off delaying Social Security benefits. But that isn’t always the case.
( 28
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Becoming a senior financial advisor can open up new avenues for career success. Taking on this type of role can also mean a significant increase in pay. But what's a typical senior financial advisor salary? The average is around $120,000 annually. However, salaries operate on a range with some advisors earning more and others earning […] The post How Much Do Senior Financial Advisors Make? appeared first on SmartReads by SmartAsset.
( 36
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U.S. consumer prices were unchanged in October amid lower gasoline prices, and underlying inflation showed signs of slowing, supporting views that the Federal Reserve was probably done raising interest rates. The unchanged reading in the consumer price index reported by the Labor Department's Bureau of Labor Statistics (BLS) on Tuesday followed a 0.4% rise in September. In the 12 months through October, the CPI climbed 3.2% after rising 3.7% in September.
( 34
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Nvidia stock is on pace to have its best year since 2001. Here's what's driving it.
( 19
min )
Canadian Solar posts third-quarter earnings of 32 cents a share, widely missing analysts' estimates of 82 cents.
( 20
min )
Beam, Wallbox, and ChargePoint have suffered in a tough operating environment amid higher interest rates and a slowing economy.
( 23
min )
Electric-vehicle start-up Fisker missed Wall Street expectations and cut full-year production guidance.
( 23
min )
Chevron’s deal to buy Hess will unlock $15 billion worth of tax benefits that had once been relegated to the accounting dustbin, as the combined company takes advantage of Hess’s past losses to cut future payments, according to the company and tax experts. The tax shield is a little-known advantage to Chevron's mega-takeover of Hess struck last month. The tax benefits are expected to provide the No. 2 U.S. oil and gas producer hundreds of millions of dollars in extra annual cash flow over the next several years.
( 35
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Demand for home improvement has slowed and higher interest rates have discouraged Americans from embarking on renovations and home purchases.
( 25
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(Bloomberg) -- Sea Ltd. swung back to a loss in the third quarter, hit by flagging consumption and intensifying competition from Alibaba and TikTok on its home turf.Most Read from BloombergBiden, Xi to Announce China’s Crackdown on Fentanyl TradeWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingThailand Takes $28 Billion Malacca Strait Bypass Plan to USIsrael Latest: Biden Urges ‘Less Intrusive Action’ as Tro
( 36
min )
Biden-Xi meeting set, Wall Street bonus season may be ugly, and other news to start your day.
( 38
min )
Home Depot reported a decline in third-quarter sales, with consumers pulling back on high-dollar purchases and deferring major home-improvement projects.
Same-store sales, which adjust for store openings and closings, fell 3.1% during the quarter but didn’t decrease as much as analysts expected. Th
( 23
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"This is definitely a short-term play for us, this isn’t a forever home," Dennis Stalmack says. "We bought with what was out there. But we’re not upset with it."
( 35
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Investors appear to be taking the shifting picture in stride, partly because much of the responsibility appears to fall on Pfizer and Merck.
( 28
min )
Fisker reports a wider-than-expected loss, Nvidia stock extends its winning streak to nine sessions, and Home Depot is scheduled to report third-quarter earnings.
( 23
min )
The deal, which values the business at around $9 billion, would cap a lengthy saga and be one of the biggest in mining this year.
( 28
min )
The chief executive of Vodafone has said the telecoms company’s transformation is “progressing” as her cost-cutting measures begin to pay off.
( 35
min )
(Bloomberg) -- Glencore Plc agreed to buy a majority stake in Teck Resources Ltd.’s coal business for $6.93 billion, ending a months-long saga and setting the stage for the commodity giant to spin off its own coal unit.Most Read from BloombergWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingBiden, Xi to Announce Deal for China to Crack Down on FentanylIsrael Latest: Biden Urges ‘Less Intrusive Action’ as Tro
( 35
min )
Vodafone reiterated its full-year guidance after it reported lower profits for the first half of fiscal 2024, reflecting adverse foreign-exchange rate movements and business disposals in the prior year.
( 25
min )
China ended an 11-year subsidy scheme for EV purchases in 2022, but some local authorities have continued to offer aid or tax rebates to attract investments as well as subsidies for consumers. EV sales in China, the world's largest auto market, increased 29% year-to-date in September. China is entering the final two months of the year which are seasonally high for vehicle sales, according to Rho Motion.
( 34
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(Bloomberg) -- Maike Metals International Co., once one of the most powerful traders in China’s massive copper market, filed for bankruptcy after more than a year of debt struggles.Most Read from BloombergWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingIsrael Latest: Yellen Sees Limited Global Economic Impact So FarChina Weighs Ending Freeze on Boeing With 737 Max Deal in USBiden, Xi to Announce Deal for Ch
( 34
min )
Low rates inflated the biggest credit bubble in history and it could "burn down the whole forest" if it bursts, hedge fund manager Mark Spitznagel said.
( 35
min )
Trump had announced the launch of his social media app in Oct 2021, saying it would "stand up to Big Tech" companies such as Twitter and Facebook that previously barred him. In 2022, Truth Social posted a loss of $50 million, with net sales of just $1.4 million. Trump Media & Technology Group's (TMTG) independent registered public accounting firm has indicated that the financial condition raises substantial doubt as to its ability to continue as a going concern, according to the filing.
( 34
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The taxable bonds would be issued by the Georgia Department of Economic Development and the Joint Development Authority of Jasper, Morgan, Newton and Walton Counties, according to an agreement on Nov. 9, it said in a securities filing, adding that Rivian has agreed to purchase bonds as they are issued. The company has agreed to pay a minimum of nearly $300 million in property tax payments through 2047. Rivian had said in 2021 that it plans to set up the Georgia plant and had said at the time that it would be commissioned by 2024.
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The world’s fourth largest asset manager also slashed expense ratios for equity factor ETFs.
( 33
min )
Total foreclosures and new foreclosure proceedings were down in October, but remained higher than at the same period last year.
( 17
min )
Schedule A (Form 1040 or 1040-SR) is an IRS form for U.S. taxpayers who choose to itemize their tax-deductible expenses rather than take the standard deduction.
( 24
min )
Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 5.80% from either Seattle Bank or Credit Human, and 5.76% from TotalDirectBank.
( 19
min )
The best CD rates are often offered by smaller banks and credit unions. But right now, BMO—the 12th largest U.S. bank—is offering the highest nationwide rate in two CD terms.
( 18
min )
The S&P 500 soared 1.9% on Tuesday, Nov. 14, 2023, as news about consumer prices raised optimism that the Fed may stop boosting interest rates to fight inflation.
( 17
min )
Retiring by age 40 can be possible, but it requires careful financial planning and very aggressive saving.
( 24
min )
C3 AI and Amazon expanded their strategic collaboration agreement to have C3 AI provide Amazon Web Services with artificial intelligence software.
( 17
min )
With price increases moderating faster than expected, more experts began talking about when the Federal Reserve will cut interest rates, rather than how high it will raise them.
( 19
min )
GM registered with the governing body of Formula 1 racing to be a power unit manufacturer starting in the 2028 season.
( 17
min )
Starbucks union workers called for a walkout at Starbucks stores on Red Cup Day this Thursday, one of the chain's biggest promotional events of the season.
( 17
min )
When you over-contribute to your 401(k) plan, notify your employer or plan administrator by March 1 of the year following the excess deferral.
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After wavering in the upper 7% range for a week and half, rates on 30-year mortgages jumped back to 8% territory Monday. The 5/6 ARM average also hit 8.00%.
( 19
min )
The deadline for 2023 tax returns is April 15, 2024, for most people. Learn about phase-outs, inflation adjustments, credits, deductions, and this year's rules.
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min )
Real estate investing and crowdfunding: are they a good mix?
( 30
min )
Unearned income is income acquired from investments and other sources unrelated to employment.
( 27
min )
President Joe Biden and Chinese Premier Xi Jinping will meet at the Asia-Pacific Economic Cooperation (APEC) on Wednesday, their first meeting in more than a year.
( 18
min )
Amazon and Snap shares rose following reports of a deal which would allow users of Snap's Snapchat social media app to make purchases through Amazon.
( 19
min )
Critical minerals such as cobalt, lithium nickel, and rare earth elements are essential in making everything from smartphones and laptops to electric cars. Here are the top critical minerals, their producers, and uses.
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MACRS is a depreciation system allowed by the IRS for tax purposes.
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U.S. equities soared at midday on Tuesday, Nov. 14, 2023 as consumer inflation came in lower than expected, raising optimism the Fed might not hike interest rates further to bring down prices.
( 17
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Shares of Fisker plunged to an all-time low after the electric vehicle maker posted weaker-than-expected results and slashed its production outlook.
( 18
min )
A 1035 exchange is a tax-free exchange of an existing annuity contract, life insurance policy, or endowment for another of like kind.
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Here's how to invest directly in real estate projects through online crowdfunding.
( 25
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Fear not: There are smart ways to ensure that your retirement nest egg keeps growing. Just be aware of the risks and be sure to read the fine print.
( 30
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Home Depot reported better-than-expected third-quarter earnings even as weakened consumer demand led to a decline in sales.
( 17
min )
Legislation allows non-accredited investors to participate in crowdfunded investments but limits do apply.
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"The Marvels," the latest superhero movie released by Disney (DIS), earned $47 million on its opening weekend, the worst showing for a Marvel film in the franchise's 15-year run.
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Consumer prices rose less than economists expected in October—In fact, by one important measure, they didn’t rise at all.
( 18
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Understand how a value-added tax (VAT) works, how it differs from a sales tax, and the arguments for and against it.
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The mill rate is the amount of tax payable per dollar of a property's value.
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Spoorvervoerder Deutsche Bahn (DB) gaat een nooddienstregeling instellen vanwege de staking die is uitgeroepen in Duitsland vanaf woensdagavond 22.00 uur tot donderdag 18.00 uur. Volgens DB zullen op de langere afstanden veel minder treinen rijden.
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De krimpplannen voor Schiphol worden toch weer een jaar uitgesteld. Demissionair minister Mark Harbers van Infrastructuur moet een deel van zijn plan terugtrekken na druk uit de Verenigde Staten en Canada en een brief van de Europese Commissie.
( 11
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Hotelketen Van der Valk heeft geen recht op extra coronasteun. Het bedrijf vond dat afzonderlijke hotels net zoveel steun had moeten krijgen als mkb-bedrijven. Daarom vocht Van der Valk een oordeel van de landsadvocaat aan. Tevergeefs.
( 9
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Verhuurders van woningen mogen binnenkort niet meer met tijdelijke contracten werken. Een voorstel voor zo'n verbod heeft dinsdag een meerderheid in de Eerste Kamer behaald. De aanpassing moet huurders meer zekerheid bieden.
( 9
min )
Kruidenleverancier Euroma, bekend van potjes in de meeste supermarkten, komt in Japanse handen. Investeringsmaatschappij Marubeni is van plan om het bedrijf uit Zwolle volledig over te nemen.
( 8
min )
De Nederlandse economie krimpt al drie kwartalen op rij en zit dus nog in een recessie. Maar volgens demissionair minister van Economische Zaken Micky Adriaansens is er geen reden tot paniek, omdat er nog veel werk is. Wel is ze bezorgd over de koopkracht.
( 9
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Vrouwen verdienen per uur gemiddeld 13 procent minder dan mannen. Dat komt deels doordat mannen sneller opklimmen binnen een bedrijf. Maar ook voor precies hetzelfde werk krijgen vrouwen minder geld dan hun mannelijke collega's.
( 11
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De officiële klimaatplannen die 195 landen bij de Verenigde Naties (VN) hebben ingediend, zijn nog altijd onvoldoende om de klimaatopwarming te beperken tot 1,5 graden. Er worden volgens de VN wel "babystapjes" gezet, maar er zijn juist grote passen nodig.
( 10
min )
De Nederlandse economie is afgelopen kwartaal met 0,2 procent gekrompen. Het is het derde kwartaal op rij dat de economie is geslonken. Vooral de investeringen van bedrijven zijn teruggevallen. Ook hebben ondernemingen minder besteld, omdat ze hun voorraden nog moeten opmaken.
( 10
min )
Vanaf januari wordt de duurzaamheid van je woning belangrijker. Althans, als je een huis wil kopen, verkopen of verduurzamen. Hoeveel je daarvoor kunt lenen, hangt straks namelijk af van het energielabel van de woning. Drie vragen over deze verandering.
( 11
min )
Webwinkels strooien nog massaal met nepkortingen, ondanks dat er onlangs strengere regels zijn ingegaan. Daarom gaat de Autoriteit Mark & Consument (ACM) nu handhaven. Zo nodig deelt de waakhond boetes uit aan ondernemers.
( 8
min )
Vanaf januari wordt de duurzaamheid van je woning belangrijker. Althans, als je een huis wil kopen, verkopen of verduurzamen. Hoeveel je daarvoor kunt lenen, hangt straks namelijk af van het energielabel van de woning. Drie vragen over deze verandering.
( 11
min )
Het leek een gelopen race: tijdelijke huurcontracten op de woningmarkt zouden grotendeels verdwijnen. Maar na goedkeuring in de Tweede Kamer sneuvelt het plan mogelijk vandaag alsnog in de Eerste Kamer.
( 10
min )
(Bloomberg) -- Private equity firms that amassed more than $1.5 trillion of assets in China in just two decades are now struggling to offload once-promising investments they were counting on for hefty returns.Most Read from BloombergWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingChina Weighs Ending Freeze on Boeing With 737 Max Deal in USIsrael Latest: Biden Says Gaza Hospital ‘Must Be Protected’Sunak Fire
( 37
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The company had previously set a production target of at least 20,000 vehicles but didn’t provide new guidance.
( 27
min )
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Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 5.80% from either Seattle Bank or Credit Human, and 5.76% from TotalDirectBank.
( 21
min )
Stellantis said Monday it will offer buyout or early retirement packages to about 6,400 nonunion U.S. salaried employees as the auto industry faces what the company is calling challenging market conditions. The offers, which include what the company said is a favorable benefits package, will go to workers who would like to leave the company or retire to pursue other interests. Stellantis said it has about 12,700 U.S. salaried workers who are not union members.
( 34
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(Bloomberg) -- A former Jane Street trader recruited by Sam Bankman-Fried to assist in FTX’s charitable giving is fighting to get the rest of his 2022 bonus while denying that he had any knowledge of the fallen crypto mogul’s fraud before the company collapsed last year.Most Read from BloombergWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingChina Weighs Ending Freeze on Boeing With 737 Max Deal in USSunak F
( 34
min )
Fisker reported a per-share loss of 27 cents from sales of about $72 million. Wall Street was looking for a 23-cent-per-share loss from sales of about $143 million.
( 22
min )
A fleet of container vessels is up for sale as a company backed by Greece’s Evangelos Marinakis switches its bets to LNG shipping. The post Greek owner to sell all container ships, spend $3B on LNG tankers appeared first on FreightWaves.
( 37
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“The crux of the issue is supply,” says Ned Davis Research. Too many millennials chasing too few homes leads to housing market inflation.
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Nvidia shares rose Monday after the chipmaker announced its latest and most powerful graphics processing unit, H200, designed to power artificial intelligence systems.
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Jeep maker Stellantis is planning to offer a new round of buyouts to roughly half of its U.S. white-collar employees.
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On a recent episode of ABC’s "Shark Tank," husband-and-wife duo Whitney and Chaz Gates revealed that their Black-owned wine label Wondry experienced a surge in annual sales, surpassing $1.1 million. The catalyst behind this impressive growth? Investor and Dallas Mavericks owner Mark Cuban, who invested $225,000 in the Dallas-based company less than a year ago. During their initial pitch on the show in November 2022, the owners disclosed that Wondry generated $250,000 in lifetime sales, with $60,
( 34
min )
The week began Nvidia Corporation (NASDAQ: NVDA) unveiling its next major AI chip which will likely make life harder for its competitors, Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC), who are trying to catch up. With its stock rising more than 230% year-to-date and armed with the AI hype, Nvidia guided for third quarter revenue of about $16 billion which presents a 170% YoY increase. The cloud arms of Amazon.com Inc (NASDAQ: AMNZ), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL)-owned Go
( 35
min )
WeWork co-founder and former CEO Adam Neumann is reportedly living it up in a new Miami mansion surrounded by fellow billionaires after leaving the now-bankrupt company.
( 35
min )
Susquehanna says demand is "rolling over fast," which may mean less demand for chip-making gear.
( 22
min )
Tesla stock is up about $15 from where it closed on Thursday after HSBC launched coverage with a Sell rating.
( 25
min )
Bank stocks have rarely been so despised. But the group's worst days appear to be in the rear-view mirror.
( 25
min )
Annuities are a popular choice for retirement planning, offering a steady income stream. But how much can you expect each month from a $100,000 annuity? This depends on several factors including age, annuity type and contract specifics. Engaging a Financial Advisor can give a more accurate estimate based your personal financial circumstances. For instance, a $100,000 annuity purchased at age 65 with immediate payments might yield about $614 monthly. If the annuity has a 5% interest rate over 10
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min )
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U.S. equities were up slightly at midday Monday, Nov. 13, 2023, continuing the rally that sent the major indexes up 1% or more on Friday.
( 16
min )
Within the past two weeks, many real estate investment trusts (REITs) have defied lowered expectations from Wall Street by announcing third-quarter earnings that either met or exceeded the estimates or showed improvement from the third quarter of 2022. Share prices usually rise when companies report improved earnings, and if analyst upgrades follow, they often boost the price even further. Take a look at three REITs, from three different REIT sub-sectors that beat consensus estimates and have re
( 36
min )
(Bloomberg) -- The Nasdaq’s November rally is set to get an extra boost this week from investors front-running an ETF’s option expiration.Most Read from BloombergGoldman Sachs, Morgan Stanley Diverge on Fed Rate-Cut ForecastsChina Weighs Ending Freeze on Boeing With 737 Max Deal in USIceland Girds for Volcanic Eruption That Could Wipe Out TownSunak Fires Braverman and Names David Cameron Foreign SecretaryUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingThe $7.7 billion G
( 33
min )
In decades past, millionaire status was well-known, and the subject of innumerable songs, TV shows, and movies. However, a million dollars is almost a modest sum by today’s standards, and an exclusive echelon known as ultra-high-net-worth individuals (UHNWIs) has wealth extending to the tens of millions. Yet, being a UHNWI entails more than just opulence. […] The post Lifestyle Trends and Problems Facing Ultra-High-Net-Worth Individuals appeared first on SmartReads by SmartAsset.
( 37
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Deciding between a traditional individual retirement account (IRA) and a Roth IRA can be difficult. Choosing when or if you should convert your IRA funds to a Roth account can be even more daunting. Experts commonly recommend that investors compare … Continue reading → The post When Should You Consider a Roth Conversion? Vanguard Has an Answer appeared first on SmartAsset Blog.
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Social Security benefits can provide you with a stream of retirement income that is reliable. Deciding when to take benefits is an important question, especially if you're married and hope to qualify for spousal benefits. If you're already taking Social … Continue reading → The post Rules for Switching Social Security Benefits appeared first on SmartAsset Blog.
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min )
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Although 69% of skilled trades workers voted in favor of the tentative deal, 55% of production workers at Ford's Louisville assembly and Kentucky truck plants voted against it, casting doubt on whether the agreement will be ratified.
( 19
min )
(Bloomberg) -- Villanova University in Pennsylvania is rescuing bondholders who own debt sold by Cabrini University, a small Roman Catholic school that announced it would close in 2024 after struggling financially for years.Most Read from BloombergGoldman Sachs, Morgan Stanley Diverge on Fed Rate-Cut ForecastsChina Weighs Ending Freeze on Boeing With 737 Max Deal in USIceland Girds for Volcanic Eruption That Could Wipe Out TownSunak Fires Braverman and Names David Cameron Foreign SecretaryBiden
( 35
min )
Patients who took Wegovy for five years had a 70% reduced risk of developing diabetes.
( 14
min )
"In our view, several bullets were dodged here," Jefferies analyst Matthew Taylor said in a note. The heart protective benefits of Wegovy obesity treatment are due to more than weight loss alone, according to new data presented by Novo at a major medical meeting on Saturday. Heart device maker Penumbra was the biggest gainer, up 19%, after the data showed the reduction in risk of non-fatal stroke was not statistically significant over the length of the trial.
( 34
min )
Some 45% of analysts covering Plug Power stock rate it at Buy, versus about 65% before the hydrogen-gas producer reported its results last week.
( 24
min )
(Bloomberg) -- The Federal Reserve will cut interest rates by 275 basis points next year, nearly four times more than what markets are pricing, strategists at UBS Investment Bank predict.Most Read from BloombergChina Weighs Ending Freeze on Boeing With 737 Max Deal in USIceland Girds for Volcanic Eruption That Could Wipe Out TownBiden Has Wiped Away $127 Billion in Student Loan DebtSunak Fires Braverman and Names David Cameron Foreign SecretaryGoldman Sachs, Morgan Stanley Diverge on Fed Rate-Cu
( 35
min )
Insurance giant Allstate is letting individual teams set their own hybrid policies and using physical spaces as collaborative hubs.
( 36
min )
(Bloomberg) -- Exxon Mobil Corp. plans to begin producing lithium in Arkansas, marking an entry into the provision of a key component of large-scale batteries and the first time the oil giant has invested in a major non-fossil fuel extraction project in recent history.Most Read from BloombergIceland Girds for Volcanic Eruption That Could Wipe Out TownChina Weighs Ending Freeze on Boeing With 737 Max Deal in USBiden Has Wiped Away $127 Billion in Student Loan DebtXi Jinping’s ‘Old Friends’ From I
( 35
min )
Chinese e-commerce giants may have eked out another year of sales growth on Singles Day, but the data isn't all encouraging.
( 21
min )
Tyson Foods continued to lose money across its beef, chicken and pork divisions in its latest quarter, another sign that American meatpackers are still struggling.
Shares of Tyson fell more than 4% in premarket trading.
The largest U.S. meat processor by sales is being squeezed by volatile commodi
( 24
min )
Why have oil prices dropped more than 10% since mid-September? Shipping markets offer a clue.
The cost of chartering tankers to move crude around the world has experienced extraordinary volatility in recent weeks, according to E.A. Gibson Shipbrokers. Daily rates on some routes across the Atlantic
( 23
min )
The oil company aims to become a major U.S. supplier of the mineral for electric-vehicle batteries makers by 2030.
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min )
Didi Global, the delisted Chinese ride-hailing business that became a symbol of China’s regulatory crackdown on homegrown tech companies, said it may buy back up to $1 billion in shares in the next couple
( 23
min )
Seasoned investors will have different strategies to maximize returns but one way of gaining alpha in the markets is by keeping a tab on the actions of the insiders. By insiders, we’re referring to the corporate officers who sit on company boards and are responsible for their respective firms’ performances. These in-the-know types have access to information not available to the casual investor and when they are seen picking up shares of the companies they work for – to keep the playing field lev
( 38
min )
As the holiday shopping season approaches, major U.S. retailers from Dollar General to Walmart and Macy's could be saddled with too much stock for a second straight year, according to a Reuters analysis, jeopardizing retailers’ profit margins and generating steep discounts for shoppers. LSEG Workspace, a financial news and data platform, calculated inventory turnover ratios of 30 major U.S. retailers for Reuters. To determine which chains are most vulnerable to carrying excess stock - a problem that raises retailers' costs - LSEG divided each retailer's cost of goods sold by the average value of its inventory in the second quarter.
( 36
min )
Wall Street is bracing for another quarter of weak sales from U.S. home improvement chains Home Depot and Lowe's as demand remained under pressure from uneven consumer spending and a subdued housing market. Expectations have been revised roughly 17% lower for Home Depot's same-store sales for the third quarter compared to early September, LSEG data showed, while estimates for Lowe's have come down about 19% during the same period. Key demand indicators - such as category sales figures from the U.S. Census Bureau and home sales - pointed to a sequential softening in the home improvement industry in the quarter, analysts said.
( 35
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Monday.com expects revenue in 2023 of between $723 million and $725 million.
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The Organization of the Petroleum Exporting Countries raised its expectations for global oil demand this year, saying that weak sentiment is exaggerated and that the economy is more resilient than originally appeared, as the group’s own output crept higher.
( 26
min )
(Bloomberg) -- Dutch pension funds are plowing cash into long-dated swap contracts, according to strategists, upending one of this year’s most popular trades.Most Read from BloombergIceland Girds for Volcanic Eruption That Could Wipe Out TownChina Weighs Ending Freeze on Boeing With 737 Max Deal in USBiden Has Wiped Away $127 Billion in Student Loan DebtXi Jinping’s ‘Old Friends’ From Iowa Get a Dinner InvitationSunak Fires Braverman and Names David Cameron Foreign SecretaryThe funds, by far the
( 34
min )
I am 70 and I have $1.4 million in traditional IRAs. Is it best to do $160,000 in Roth conversions for the next 1-3 years to reduce my high RMDs in about 5-10 years? That would put me in the 24% tax bracket and $330 Medicare premium rate. Please give me advice. – Dennis I do […] The post Ask an Advisor: I’m 70 With $1.4 Million in IRAs. Should I Convert $160k Per Year into a Roth to Save on RMDs Later? appeared first on SmartReads by SmartAsset.
( 36
min )
Google-parent Alphabet said on Monday it had dissolved its stake in trading app operator Robinhood Markets.
( 33
min )
Production workers at Ford's Louisville assembly and Kentucky truck plants have voted against the tentative labor agreement, while skilled trades workers voted in favor, the local chapter of the United Auto Workers (UAW) said on Monday. The ratification of the contract was voted down by 55% of the production workers whereas 69% of the skilled trades workers, which includes maintenance and construction employees backed it, the UAW Local 862 said in a Facebook post. The vote signals that approval of the deal, which is set to significantly raise Ford's costs, is not guaranteed.
( 34
min )
Micron Technology is facing a lawsuit from China’s Yangtze Memory Technologies over alleged patent infringement. It’s another sign that Micron is vulnerable to U.S.-China tension over access to semiconductor technology.
( 21
min )
↗️ Boeing (BA): China is considering an end to its freeze on purchases of Boeing’s 737 jetliner to coincide with this week’s Biden-Xi meeting, [Bloomberg News reported](https://www.bloomberg.com/news/articles/2023-11-13/china-weighs-ending-freeze-
( 23
min )
Boeing hasn’t made any significant sales of the 737 in China since 2018, when the model was grounded after two crashes.
( 20
min )
Ford’s production workers at its Louisville assembly and Kentucky trucks plants voted against the proposed labor contract agreed by the UAW.
( 20
min )
A report says China is considering lifting a commercial freeze on Boeing's 737 MAX, and data show Novo Nordisk's weight-loss drug Wegovy reduces heart attack risks. Home Depot and Walmart report quarterly earnings later this week.
( 22
min )
China's leading flash memory maker Yangtze Memory Technologies Co (YMTC) has filed a lawsuit against US memory chip maker Micron Technology for patent infringement, accusing the American tech giant of "freeriding" to protect its market share. The civil lawsuit against the largest US memory chip maker was filed on Thursday at the US District Court for Northern California. It alleges that Micron and its subsidiary Micron Consumer Products Group together infringed on eight of YMTC's patents. The pr
( 36
min )
The dollar rose to a new one-year high against the Japanese currency, climbing as far as 151.91 yen for the first time since October last year.
Finance ministry officials in Tokyo in recent days have warned about possible intervention to stem the yen's slide, but traders are still taking their cues
( 22
min )
(Bloomberg) -- Shares in Asia weakened slightly after early gains, with key US inflation data due Tuesday and a summit between Joe Biden and Xi Jinping later this week dominating investors’ attention. Most Read from BloombergBiden Has Wiped Away $127 Billion in Student Loan DebtAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeXi Jinping’s ‘Old Friends’ from Iowa Get a Dinner InvitationTrump’s 40 Wall St. Loan Transferred to Special ServicerIceland Braces for Volcanic Erupti
( 35
min )
(Bloomberg) -- Goldman Sachs Group Inc. lowered its rating on Hong Kong-traded China stocks due to low earnings growth and a potential consensus downgrade. The bank upgraded shares in India, citing the market’s strategic appeal. Most Read from BloombergBiden Has Wiped Away $127 Billion in Student Loan DebtAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeXi Jinping’s ‘Old Friends’ from Iowa Get a Dinner InvitationTrump’s 40 Wall St. Loan Transferred to Special ServicerIcelan
( 34
min )
Investing.com -- Plug Power (NASDAQ:PLUG) shares slipped in premarket U.S. trading, extending a steep loss posted on Friday, after Morgan Stanley slashed its share price target of the hydrogen fuel cell system developer in the wake of a going concern warning.
( 34
min )
The UAW Local 862 union said that 55% of the production workers voted against ratifying the contract. Union workers are voting on contracts from each of Chrysler-owner Stellantis, GM and Ford, after the first coordinated strike against Detroit's Big Three automakers. On Friday, UAW union members at General Motors' Flint assembly plant in Michigan narrowly voted against the proposed contract with the U.S. automaker.
( 34
min )
Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised by U.S. lawmakers and the federal consumer watchdog, in a major policy change. The 2,100 financial firms on Zelle, a peer-to-peer network owned by seven banks including JPMorgan Chase and Bank of America, began reversing transfers as of June 30 for customers duped into sending money to scammers claiming to be from a government agency, bank or existing service provider, said Early Warning Services (EWS), the banks' company that owns Zelle. That's "well above existing legal and regulatory requirements," Ben Chance, chief fraud risk officer at EWS, told Reuters.
( 36
min )
The country’s massive funding of renewables has drawn odd newcomers and led to an oversupply of solar components.
( 25
min )
(Bloomberg) -- The US fiscal position is on an “unsustainable trajectory” due to a lack of political will to resolve the crisis at a time when debt costs are soaring, former Federal Reserve Bank of New York President Bill Dudley said.Most Read from BloombergBiden Has Wiped Away $127 Billion in Student Loan DebtAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeXi Jinping’s ‘Old Friends’ from Iowa Get a Dinner InvitationTrump’s 40 Wall St. Loan Transferred to Special ServicerI
( 34
min )
(Bloomberg) -- Morgan Stanley’s strategists see US stocks and bonds outperforming their emerging markets peers next year, according to a note to clients. Most Read from BloombergBiden Has Wiped Away $127 Billion in Student Loan DebtAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeXi Jinping’s ‘Old Friends’ from Iowa Get a Dinner InvitationTrump’s 40 Wall St. Loan Transferred to Special ServicerIceland Braces for Volcanic Eruption That Could Wipe Out Town“We expect US earnin
( 35
min )
YMTC filed the lawsuit against Micron and unit Micron Consumer Products Group on Nov. 9 at the U.S. District Court for the Northern District of California. According to the lawsuit, Micron turned to YMTC's patented technology to fend off competition from YMTC and to gain and protect market share.
( 34
min )
(Bloomberg) -- China is in the midst of a breakneck expansion of its copper industry that’s reshaping global flows of the essential metal for the world’s energy transition.Most Read from BloombergBiden Has Wiped Away $127 Billion in Student Loan DebtAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeXi Jinping’s ‘Old Friends’ from Iowa Get a Dinner InvitationTrump’s 40 Wall St. Loan Transferred to Special ServicerIceland Braces for Volcanic Eruption That Could Wipe Out TownTh
( 37
min )
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. climbed its most in almost half a year after posting its first monthly sales gain since February, underlining expectations the global chip market is recovering gradually from Covid-era troughs.Most Read from BloombergBiden Has Wiped Away $127 Billion in Student Loan DebtAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeTrump’s 40 Wall St. Loan Transferred to Special ServicerXi Jinping’s ‘Old Friends’ from Iowa Get a Dinne
( 34
min )
(Bloomberg) -- Morgan Stanley economists forecast the Federal Reserve to make deep interest-rate cuts over the next two years as inflation cools, while Goldman Sachs Group Inc. analysts expect fewer reductions and a later start.Most Read from BloombergBiden Has Wiped Away $127 Billion in Student Loan DebtAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeXi Jinping’s ‘Old Friends’ from Iowa Get a Dinner InvitationTrump’s 40 Wall St. Loan Transferred to Special ServicerIsrael
( 35
min )
Learn what adjusted cost basis is, how it is calculated, and why it is important for investors, business owners, and heirs to understand.
( 24
min )
An expatriate is somebody who leaves their country of origin to live or work. Read how to become an expat and the pros and cons.
( 27
min )
The S&P 500 fell less than 0.1% on Monday, Nov. 13, 2023, after Moody's cut its outlook on U.S. credit and ahead of Tuesday's report on consumer inflation.
( 17
min )
Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 5.80% from either Seattle Bank or Credit Human, and 5.76% from TotalDirectBank.
( 19
min )
While shoppers have gotten some relief on prices as used cars sold for 5.5% less in the third quarter, the same can’t be said of financing.
( 18
min )
Boeing shares jumped as Emirates announced that it was purchasing 95 Boeing aircraft worth $52 billion.
( 17
min )
British gas station operator EG Group said it was buying Tesla superchargers for its locations in the UK and Europe.
( 17
min )
Investors are pessimistic about the short-term economic outlook despite optimism about long-term returns.
( 17
min )
Nvidia shares rose Monday after the chipmaker announced its latest and most powerful graphics processing unit, H200, designed to power artificial intelligence systems.
( 17
min )
Incidental expenses (IE), or incidentals, are tips and other small costs ancillary to a business expense. Learn when incidentals are reimbursable or deductible.
( 26
min )
ExxonMobil on Monday said work has started on a lithium well in Arkansas, as the energy giant seeks to become a leading producer of the critical metal used in batteries for electric vehicles (EV).
( 20
min )
Personal loan rates moved up to 21.57% this week, adding 18 basis points since last week when the average personal loan rate stood at 21.39%.
( 18
min )
The median income of the typical homebuyer between July 2022 and June 2023 was $107,000, up from $88,000 the year before, highlighting how quickly rising mortgage rates have put homeownership out of reach for many middle-class buyers.
( 19
min )
Cafeteria plans allow employees to choose from a variety of different benefit options that are made before any taxes are deducted.
( 24
min )
Two years after my husband and I had a bankruptcy discharge and we rebuilt our credit, our bank wouldn't provide us with a loan. Luckily, a credit union would.
( 19
min )
Meta Platforms Inc. and Amazon have announced a partnership through which Facebook and Instagram users can purchase goods directly from Amazon.
( 18
min )
Novo Nordisk reported a study indicated its diabetes and weight-loss drug, Wegovy, helped reduce risks of heart attack, stroke, or death from cardiovascular disease.
( 17
min )
If you can claim someone as a dependent, deductions like the earned income tax credit (EITC) and child tax credit will lower your tax bill.
( 31
min )
A backup withholding is a type of tax levied on investment income when the investor withdraws those funds.
( 23
min )
U.S. equities were up slightly at midday Monday, Nov. 13, 2023, continuing the rally that sent the major indexes up 1% or more on Friday.
( 16
min )
A nonrefundable tax credit is a tax credit that can only reduce a taxpayer’s liability to zero.
( 27
min )
Tyson Foods posted a drop in sales, although it indicated its cost-cutting measures are working, and it anticipates a rebound in chicken and pork demand.
( 17
min )
Rates on 30-year mortgages continue bobbing around below the 8% threshold, after dipping into 7% territory more than a week ago. Averages for most loan types were up Friday.
( 19
min )
Whether you're a saver or a financial advisor who wants to give clients a leg up, these eight tips are essential for financial planning.
( 26
min )
Moody's provides economic analysis software and rates securities based on assessed risk and the borrower's ability to make interest payments.
( 26
min )
A code of ethics encourages ethical conduct, business honesty, integrity, and best practices. Read about the different types of codes of ethics with examples of each.
( 29
min )
The American Dream is the belief that anyone can attain their own version of success in a society where upward mobility is possible for everyone.
( 29
min )
Although 69% of skilled trades workers voted in favor of the tentative deal, 55% of production workers at Ford's Louisville assembly and Kentucky truck plants voted against it, casting doubt on whether the agreement will be ratified.
( 18
min )
For tax purposes, a deductible is an expense that can be subtracted from adjusted gross income in order to reduce the total amount of taxes owed.
( 27
min )
“Too big to fail” describes a situation in which a business is so deeply ingrained in an economy that its failure would be disastrous to that economy.
( 27
min )
Retail sales during Thanksgiving and Black Friday are indicators of stock market activity throughout the holiday season.
( 23
min )
Deciding between a tax-deferred and a tax-exempt retirement account—or having both—comes down to understanding when the tax benefit kicks in.
( 29
min )
Form 1099-Q is a tax form sent to individuals who receive distributions from a Coverdell education savings account or 529 plan.
( 28
min )
Three credit rating agencies have a long history in the U.S. Learn about what they do and how they developed.
( 26
min )
Bond rating agencies are companies that assess the creditworthiness of both debt securities and their issuers. Discover more about them here.
( 27
min )
Progress is being made in promoting financial education in schools throughout America, and the path is being forged by leaders like Tim Ranzetta of Next Gen Personal Finance, and public school teachers across the country.
( 20
min )
Here's what to do if you contribute to a Roth IRA and your income is too high or you contribute more than you're allowed to any IRA.
( 27
min )
Form 1099-A: Acquisition or Abandonment of Secured Property is an Internal Revenue Service (IRS) form used to report the transfer of foreclosed property.
( 28
min )
Getting a marriage annulled can render it void, but the process for obtaining an annulment can be more complicated than divorce.
( 25
min )
Anti-money laundering (AML) regulations are intended to stop criminals from disguising illegally obtained funds as legitimate income.
( 29
min )
FTX was the third-largest centralized cryptocurrency exchange. Its founder now faces a lengthy prison sentence for contributing to its bankruptcy.
( 33
min )
Leading cryptocurrency exchange FTX was once valued at $32 billion, but it collapsed in a matter of days in November 2022. Find out how it fell apart.
( 34
min )
Discover why you don't have to worry about a volatile market's impact on your simplified employee pension plan. Learn to use your SEP to navigate the markets.
( 24
min )
Moody’s Analytics provides investors with tools and solutions for measuring and managing investment risk. Read how Moody’s Analytics makes money.
( 22
min )
Find out how the terms of your retirement savings plan dictate how and when your employer may match your catch-up contributions for a 401(k).
( 24
min )
SIMPLE IRAs and traditional IRAs are retirement savings vehicles that differ in their early distribution penalties and in who can participate in each type of plan.
( 25
min )
Not all employed workers have access to a 401(k), but there are several alternative ways to save for retirement.
( 24
min )
In a green-field investment, a parent company creates a new operation in a foreign country from the ground up.
( 23
min )
De arbeidsmarkt werd in het derde kwartaal iets minder krap. Het aantal vacatures nam af en er waren iets meer werklozen dan de maanden ervoor.
( 9
min )
Nepal gaat het Chinese socialemediaplatform TikTok verbieden. De app zou een slechte invloed hebben op de "sociale harmonie" in het land doordat er zoveel haatberichten voorbijkomen, zeggen Nepalese ambtenaren.
( 9
min )
Het apparaat waarmee op Schiphol ultrafijnstof uit de lucht wordt gezogen werkt goed. Gemiddeld zorgde het apparaat volgens de luchthaven voor 75 procent minder ultrafijnstof in de brandweerkazerne, waar de eerste proef plaatsvond.
( 9
min )
Bij Tata Steel in IJmuiden verdwijnen achthonderd banen. Volgens het bedrijf is sprake van een moeizame staalmarkt en moet het daarom snijden in de kosten. Tata sluit gedwongen ontslagen niet uit en zegt met vakbonden te gaan praten over een sociaal plan.
( 9
min )
Luchtvaartmaatschappij Emirates heeft tijdens de luchtvaartshow van Dubai een megaorder geplaatst bij vliegtuigbouwer Boeing. Het gaat om negentig 777X-toestellen voor lange afstanden ter waarde van 52 miljard dollar (48,7 miljard euro).
( 8
min )
Het wetsvoorstel om schijnzelfstandigheid tegen te gaan heeft geen nut, vindt het Adviescollege toetsing regeldruk (ATR). De aangekondigde plannen lossen het probleem niet op, maar zorgen juist voor extra administratieve rompslomp.
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min )
De vier grote Australische havens zijn heropend na een cyberaanval. Vrijdag werd terminalexploitant DP World getroffen door een hack. Het bedrijf sloot zijn systemen van het internet af toen de aanval werd ontdekt.
( 8
min )
De waterschapsbelasting voor woningeigenaren gaat volgend jaar met enkele tientjes omhoog. Vooral gezinnen gaan flink meer betalen. Dit komt doordat waterschappen vanwege de gevolgen van klimaatverandering steeds meer investeringen moeten doen.
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min )
Nederland telt steeds meer werkenden met burn-outklachten. Vorig jaar waren dat er 1,6 miljoen, tegenover 1,3 miljoen een jaar eerder.
( 8
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In de eerste tien maanden van dit jaar gingen ruim 2600 bedrijven op de fles. Dat is 60 procent meer dan in dezelfde periode vorig jaar. Dat blijkt uit cijfers van statistiekbureau CBS.
( 8
min )
Bij alle zorgverzekeraars wordt de basisverzekering in 2024 5 à 10 euro per maand duurder. Maar prijzen en voorwaarden verschillen, dus er valt wat te kiezen. Wat kun je nu doen om een goede en betaalbare zorgverzekering te regelen?
( 12
min )
Voor bellen, een spelletje, het maken van een foto of wat internetten heb je geen dure iPhone nodig. De Samsung Galaxy A14 en de Redmi 12C zijn volgens Tweakers op dit moment de beste smartphones onder de 200 euro.
( 10
min )
A revenue deficit occurs when a business' sales or government revenue isn't enough to cover its basic operations.
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min )
The Pension Protection Act of 2006 protects workers’ pensions and expands options for saving and investing for retirement.
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min )
Off-balance sheet is the classification of an asset or debt that does not appear on a company's balance sheet.
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min )
Many workers are not confident that Social Security will be around during their retirement. Here’s what you need to know about its future.
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You should be able to roll over your 401(k) into a Roth IRA, but be sure to understand the tax consequences first.
( 30
min )
Can you contribute to a 401(k) and Roth IRA? The short answer is yes, but make sure that you understand these rules, regulations, and limitations.
( 25
min )
Before you open a retirement account, you should know the disadvantages of Roth IRAs, including income limits. Learn about the drawbacks of Roth IRAs.
( 25
min )
Qualifying investments are tax-deferred, allowing investors to make contributions with pretax income.
( 21
min )
The difference between annual compensation and annual salary is especially important for retirement plan contributions.
( 23
min )
North Korea's cyber army is rumored to be behind some of the wild price swings of bitcoin and other cryptocurrencies.
( 25
min )
Learn about how mutual fund sales and other types of transactions are taxed within an IRA, and discover if a sale triggers an early withdrawal penalty.
( 21
min )
Thanks to a loophole known as a backdoor Roth IRA, high-income earners can make indirect contributions to Roth IRAs.
( 28
min )
A self-employed person is an independent contractor or sole proprietor who reports income earned from self-employment.
( 25
min )
An Independent 401(k) is a tax-advantaged retirement savings plan available to individual small business owners and their spouses.
( 22
min )
SEP IRAs and SIMPLE IRAs have key differences, such as who can contribute and how much.
( 21
min )
Millennials may not be worrying about retirement just yet, but they should be thinking about how much they’ll need to save.
( 25
min )
Learn about the government's Thrift Savings Plan, a retirement plan for employees. As with a 401(k), contributions and earnings are tax-deferred.
( 24
min )
Nobel Prize-winning Paul Krugman has written many op-ed pieces in the New York Times criticizing this cryptocurrency.
( 23
min )
There are no age restrictions, but other eligibility rules govern both Roth and traditional IRAs.
( 24
min )
The Qualified Retirement Savings Contribution credit is a tax form used to calculate an individual or married couple's saver's credit.
( 21
min )
An additional voluntary contribution is a payment to a retirement savings account that exceeds the amount that the employer pays as a match.
( 23
min )
Moody's rating agency downgraded the U.S. economy outlook to "negative." These are the reasons why.
( 18
min )
Singer Harry Styles is launching his own line of fragrances as part of his beauty brand, Pleasing. Styles has a net worth of $120 million, according to Celebrity Net Worth, thanks to his successful music career and lucrative world tours.
( 19
min )
401(k) regulations allow the employer to determine, to a certain extent, what is defined as eligible pay for contributions to the plan.
( 24
min )
If you are considering opening an IRA and are a 20-something, a Roth IRA could be the best choice because of its unique tax advantages.
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Before you open a retirement account, you should know the disadvantages of Roth IRAs, including income limits. Learn about the drawbacks of Roth IRAs.
( 25
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Learn about how mutual fund sales and other types of transactions are taxed within an IRA, and discover if a sale triggers an early withdrawal penalty.
( 21
min )
(Bloomberg) -- Up and down Wall Street, it’s becoming increasingly clear that the US bond market won’t see a sustained rally unless the economy surprises even the Federal Reserve by falling into a deep recession.Most Read from BloombergBiden Has Wiped Away $127 Billion in Student Loan DebtAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeXi Jinping’s ‘Old Friends’ from Iowa Get a Dinner InvitationTrump’s 40 Wall St. Loan Transferred to Special ServicerSouth Africa’s ‘Too Whi
( 36
min )
Tesla has spent the past year slashing its prices to try and drive away the competition. That's a losing strategy.
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Nobel Prize-winning Paul Krugman has written many op-ed pieces in the New York Times criticizing this cryptocurrency.
( 23
min )
Do you have enough money to retire? There are many different ways to look at this, but the most common is to break it down simply: money in vs. money out. How much income can you generate from your retirement planning, and how much will you need to spend? Here, say that you have $1 […] The post I Have $1 Million in a 401(k) and Will Receive $2,500 Monthly From Social Security. Can I Retire at 65? appeared first on SmartReads by SmartAsset.
( 37
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Earning more money can make it easier to pay the bills, fund your financial goals and spend on hobbies or "fun," but what income is considered to make you rich? The answer can depend on several factors, including where you … Continue reading → The post What Income Level Is Considered Rich? appeared first on SmartAsset Blog.
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Inheritance trusts take on critical importance in wealth management, particularly for multi-generational families. The term might come across as complex but in essence, inheritance trusts involve safeguarding assets while managing their distribution efficiently. Moreover, they provide potential tax benefits that can contribute significantly towards your family’s financial security. A financial advisor well-versed in this field […] The post How to Keep Money in the Family With an Inheritance Trus
( 36
min )
Unless you're extremely rich or poor, you probably think of yourself as being part of the "middle class." As you're probably aware, "middle class" is an income level that describes people whose annual income is directly in the middle 50% … Continue reading → The post What Is Middle Class Income in the U.S.? appeared first on SmartAsset Blog.
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(Bloomberg) -- When former crypto titan Sam Bankman-Fried was convicted of seven counts of fraud and conspiracy on Nov. 2, US Attorney Damian Williams called the case “one of the biggest financial frauds in American history.” Most Read from BloombergAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeBiden Has Wiped Away $127 Billion in Student Loan DebtXi Jinping’s ‘Old Friends’ from Iowa Get a Dinner InvitationTrump’s 40 Wall St. Loan Transferred to Special ServicerThe Diamo
( 35
min )
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Moody's rating agency downgraded the U.S. economy outlook to "negative." These are the reasons why.
( 19
min )
(Bloomberg) -- Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets.Most Read from BloombergAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeBiden Has Wiped Away $127 Billion in Student Loan DebtXi Jinping’s ‘Old Friends’ from Iowa Get a Dinner InvitationTrump’s 40 Wall St. Loan Transferred to Special ServicerThe Diamond World Takes Radical Steps to Stop a Pricing PlungeSo-called cat bonds, which farm out ha
( 37
min )
Copart, Inc. (CPRT) shares are surging, up 60% in 2023. Following the stock’s money flows reveals why.
( 34
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Take some time to check this list of things to do before Dec. 31 to save on your taxes, experts say.
( 37
min )
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min )
Chipotle founder Steve Ells is returning to the industry with a new startup that will serve meat-free sandwiches in restaurants powered by robots and skeleton crews.
( 35
min )
Investors are embracing stocks and eyeing a year-end rally in markets.
( 28
min )
(Bloomberg) -- Underlying US price pressures are seen advancing at a pace that backs apprehension among Federal Reserve officials to signal the all-clear in their inflation-fighting efforts.Most Read from BloombergAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeXi Jinping’s ‘Old Friends’ from Iowa Get a Dinner InvitationBiden Has Wiped Away $127 Billion in Student Loan DebtTrump’s 40 Wall St. Loan Transferred to Special ServicerIsrael Latest: Netanyahu Rejects Gaza Cease-F
( 37
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A recession or significant layoffs could shake consumer confidence, contributing to a sustained drop in home prices.
( 31
min )
Given the country’s propensity to bounce back, companies like BMW, Hapag-Lloyd, and Freenet are among six investments that could be winners.
( 48
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How to know when it is time to take your portfolio off autopilot.
( 23
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Foreign investors pulled a record amount of money from U.S. equity funds tracking Saudi Arabia in October as the Middle East's worst violence in decades shook the region's business-friendly narrative. The iShares MSCI Saudi Arabia ETF saw record net outflows in October of more than $200 million, LSEG data shows, cutting 20% from what it held at the beginning of the month. Exchange traded funds (ETFs) providing exposure to stocks in Qatar, the UAE and Israel also suffered outflows, with investors worried about instability, and flows have been muted this month.
( 34
min )
Shell en BP hebben een Amerikaans-Europese taskforce gevraagd te bemiddelen in een geschil met Venture Global, een exporteur van vloeibaar gemaakt aardgas (lng) uit de Verenigde Staten.
( 8
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Turkish Airlines staat op het punt een bestelling te plaatsen van ongeveer 350 vliegtuigen bij Airbus. De deal wordt mogelijk maandag bekendgemaakt, gelijktijdig met de start van de Dubai Airshow.
( 8
min )
Vroeger waren bedrijven als Tata Steel, Chemours en de NAM de trots van de omgeving. Maar dat beeld lijkt te veranderen. Ze worden gezien als vervuilers. Omwonenden spannen zelfs rechtszaken aan. Hoe komt het dat ons beeld van vervuilende bedrijven verandert?
( 12
min )
Voortaan krijg je de keuze op Facebook en Instagram: betalen voor een versie zonder reclames, of gratis doorgaan met gerichte advertenties. Deze optie kwam er na bemoeienis van Europa. Toch blijft er verwarring. Leeft Meta de regels nu wel correct na?
( 11
min )
Mag de school of kinderopvang foto's van jouw kind maken en publiceren? Dat kan een dilemma zijn, zeker als veel andere ouders daar toestemming voor geven. Onze kijk op de privacy van kinderen is aan het veranderen, zegt een expert.
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“We don’t have to pretend the company is always in peril," said Huang. "The company is always in peril, and we feel it.”
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Want to be a 401(k) millionaire? Here are some tips to get you on the right path.
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min )
GSOL shares are trading at a record premium over the price of Solana
( 34
min )
Used car prices have recorded their biggest plunge ever, falling below pre-COVID levels.
( 33
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The bankruptcy estate is trying to claw back nearly $1 billion in its latest lawsuit.
( 34
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HOUSTON (Reuters) -BP, Edison and Shell pressed a U.S.-EU energy group to intervene in a dispute with liquefied natural gas exporter Venture Global LNG over the U.S. firm's failure to deliver contract supplies of the fuel. The companies appealed to the U.S.-EU Task Force on Energy Security last month, and a Shell executive urged them to require Venture Global LNG to "immediately begin to perform" under their signed contracts. Venture Global LNG has said the Louisiana plant is not fully operational due to faulty power equipment that is being repaired.
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Honda Motor Company posted stronger-than-expected earnings for its fiscal second quarter ended September, boosted by strong auto sales in North America as U.S. consumers continued to buy up cars.
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The saver’s tax credit helps people earning modest incomes save more for retirement. Learn if you qualify and the advantages it provides.
( 27
min )
Treasury auctions have become a focal point of Wall Street. Yields could rise again as bond buyers balk at the government’s hunger for cash.
( 39
min )
While ‘millionaire’ might not be as weighty of a title as it was decades ago, seven figures of wealth is a significant accomplishment that indicates success and stability. Mass affluent individuals, with their robust yet accessible wealth, form a vital economic backbone in the United States, while high-net-worth individuals (HNWIs) exert more influence across markets. […] The post Differences Between Mass Affluent and High-Net-Worth Individuals appeared first on SmartReads by SmartAsset.
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A Roth conversion ladder can be a smart strategy that allows you to move funds gradually from one account (traditional IRA) to another (Roth IRA) without triggering any tax penalties. This conversion takes place over several years, and is carefully planned out in advance. In simpler terms: A Roth conversion ladder could let you bypass […] The post How a Roth IRA Conversion Ladder Works appeared first on SmartReads by SmartAsset.
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Deciding when to take Social Security benefits is one of the most important questions to answer in planning your retirement strategy. Second to that is understanding what might increase-or reduce-your benefit amount. Does retirement income count as income for Social Security? No, but working while claiming benefits could shrink the amount that you're able to […] The post Does Retirement Income Count as Income for Social Security? appeared first on SmartReads by SmartAsset.
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It probably is possible for most people to retire at age 55 if they have $2.5 million in savings. The ultimate answer, though, will depend on the interplay between various factors. These include your health, your anticipated retirement lifestyle and … Continue reading → The post Can I Retire at 55 With $2.5 Million? appeared first on SmartAsset Blog.
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If you’ve got more money, you’ve got more retirement options. High-income earners have substantial resources at their disposal, presenting the potential for massive gains and crushing losses. However, practical strategies and careful financial decisions can help you retire as a multi-millionaire. High-income earners often have different retirement needs than others. Here’s how much high-income earners […] The post How Much High-Income Earners Have Saved for Retirement appeared first on SmartRead
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As you age, the rules for withdrawing money from your IRA change. For many years, retirees had to start withdrawing money after age 70 1/2. Under new rules, you must start taking required minimum distributions (RMDs) every year after age 73, or face steep IRS penalties. While the specifics can get complicated, the basics boil […] The post Rules for Cashing Out Your IRA After Age 70 appeared first on SmartReads by SmartAsset.
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Green-energy transition requires increasing supplies, but demand is waning.
( 29
min )
Retirees aren’t coming off the sidelines to rescue America's employers.
( 35
min )
Out of the Big Four airlines, American's valuation is the lowest by a wide margin, meaning that investors wager that it will do far, far worse going forward than its beaten-down peers.
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min )
Many investors are taking a second look at bonds. Here are some options to consider.
( 28
min )
“I can be a lazy girl because I worked and hustled hard for 10 years, honing my skills and building an audience,” says former advertising manager, Lucy Hall.
( 35
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Just outside the Moroccan city of Tangier, a Chinese-backed manufacturing and technology hub is finally taking shape, after six years of delays. The Mohammed VI Tangier Science and Technology City lies just 27km (16.8 miles) from the southern tip of the Spanish coast across the Strait of Gibraltar, strategically positioned where Africa faces Europe at the intersection of the Atlantic Ocean and the Mediterranean Sea. First proposed in 2016 when Morocco's King Mohammed VI met Chinese President Xi
( 37
min )
After expanding at a red-hot 4.9%, all signs point to further, albeit slower, growth for the U.S. economy in the election year.
( 35
min )
Executives from across the gold industry will next week gather at the five-star SO/ hotel in Dubai for the city’s annual Precious Metals Conference.
( 37
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The windfall is transforming entire regions, but some are starting to worry: What if China stops buying?
( 24
min )
The home builder met rising demand from buyers unable to find an affordable existing home, and offered buyers temporarily relief from steep mortgage rates.
( 40
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Warren Buffett sold nearly $500 million of stocks in a 20-year period, and counted Walmart and Wells Fargo among his holdings, ProPublica reported.
( 35
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Want to be a 401(k) millionaire? Here are some tips to get you on the right path.
( 26
min )
USB-powered cryptocurrency mining devices were created to be easy to use, have seamless connectivity, and lower power consumption—but they never became popular.
( 21
min )
Honda Motor Company posted stronger-than-expected earnings for its fiscal second quarter ended September, boosted by strong auto sales in North America as U.S. consumers continued to buy up cars.
( 22
min )
The saver’s tax credit helps people earning modest incomes save more for retirement. Learn if you qualify and the advantages it provides.
( 27
min )
Managing your 401(k) wisely is key to a secure retirement, so don’t neglect accounts you might have had with former employers.
( 24
min )
Earnings not subject to income tax, whether federal or state, are referred to as exempt income.
( 23
min )
Learn what distinguishes Roth, traditional, and SEP IRAs from one another and which of these retirement accounts might be the best for you.
( 28
min )
The Halloween Massacre refers to Canada’s 2006 decision to tax all income trusts domiciled in Canada.
( 25
min )
Rookwolken, ingestorte gebouwen en gewonde mensen in Gaza. Het is allemaal te zien op het populaire sociale medium Snapchat. Inwoners van het gebied gebruiken de app om de wereld op de hoogte te houden van hun leven in de oorlog.
( 10
min )
Nederland en de VS steggelen over de krimp van het aantal vluchten op Schiphol. KLM dreigt daardoor dubbel gestraft te worden: minder vluchten op Schiphol en minder vluchten naar de VS.
( 10
min )
We betalen te veel voor ons internet, televisie en vaste telefonie, concluderen telecomexperts. Dat komt volgens hen door beperkte concurrentie. Daardoor zijn er nauwelijks prikkels voor telecombedrijven om de prijzen te verlagen.
( 13
min )
Kernenergie is terug: politici botsen erover in verkiezingsdebatten en ook op ons platform NUjij is het een hot topic. De discussie over kernenergie bestaat al decennialang en de meningen erover beperken zich meestal tot vóór of tégen. NU.nl beantwoordt de belangrijkste vragen voor wie door de bomen het bos niet meer ziet.
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De vicevoorzitter van de raad van bestuur van het LUMC legt tijdelijk zijn functie neer. Pancras Hogendoorn doet dat na berichtgeving van Omroep West en Follow the Money, waaruit blijkt dat hij op de hoogte was van fraude door Europese onderzoeksubsidies.
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Kledingproducenten hebben zaterdag 150 fabrieken in Bangladesh "voor onbepaalde tijd" gesloten omdat het personeel protesteert voor een hoger minimumloon.
( 9
min )
Pakketbezorgbedrijven denken klaar te zijn voor de drukste tijd van het jaar. In de aankomende feestdagenperiode worden massaal meer busjes en personeel ingezet. Ook worden sorteercentra uitgebreid. Zowel DHL als PostNL verwacht geen vertragingen dit jaar.
( 8
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Verschillende havens in Australië zijn stilgelegd na een cyberaanval. De Australische regering heeft crisisoverleg belegd omdat toeleveringsketens van en naar het land mogelijk onder druk komen te staan.
( 3
min )
We betalen te veel voor ons internet, televisie en vaste telefonie, concluderen telecomexperts. Dat komt volgens hen door beperkte concurrentie. Daardoor zijn er nauwelijks prikkels voor telecombedrijven om de prijzen te verlagen.
( 13
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The key to minimizing your tax liability is reducing your taxable income by taking advantages of the tax credits and deductions you're eligible for.
( 25
min )
Cryptocurrency price predictions are easy to make but often difficult to justify, and less often come true.
( 24
min )
Learn the key differences between the standard 401(k) plan and the 408(k) plan, which is meant for smaller employers.
( 24
min )
Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 5.80% from either Seattle Bank or Credit Human, and 5.76% from TotalDirectBank.
( 19
min )
The S&P 500 gained 1.6% on Friday, Nov. 10, 2023, rallying back from Thursday's selloff as bond yields retreated from higher levels seen following comments from the Fed chair.
( 17
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You generally must contribute to your Roth IRA by cash, check, or bank transfer—unless you do an in-kind transfer from another IRA or 401(k).
( 25
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The average rate on a 30-year mortgage dipped a bit lower again Thursday, to 7.88%, keeping it near its cheapest level since September. Rates for most loan types dipped.
( 19
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San Francisco Fed President Mary C. Daly said more rate hikes may be needed, while Atlanta Fed President Raphael Bostic said the Fed needed to wait.
( 18
min )
The EBITDA (earnings before interest, taxes, depreciation, and amortization) margin measures a company's profit as a percentage of revenue. Learn how it is used.
( 26
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Illumina missed revenue forecasts and cut its full-year outlook, citing "challenging" macroeconomic conditions.
( 17
min )
Understanding the rules for withdrawals from a Roth 401(k) will keep you from losing part of your retirement savings to taxes and penalties.
( 27
min )
Compare mortgage rates across 18 different products for both purchase and refinance and see how they stack up across the country.
( 33
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.
( 25
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The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.
( 28
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.
( 27
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The owner of brands such as Johnnie Walker, Guinness and Smirnoff said that weak demand in Latin America and the Caribbean will drag down fiscal first-half 2024 sales and profit.
( 17
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.
( 18
min )
Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.
( 31
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From saving for retirement to grouping medical expenses, here are some things for you to keep in mind when year-end tax planning.
( 26
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Estate executors use IRS Form 706: United States Estate (and Generation-Skipping Transfer) Tax Return to calculate estate tax and compute the generation-skipping transfer (GST) tax.
( 28
min )
Despite improvements in job security and household income, a majority of consumers said the economy is pointing in the wrong direction and it's making it difficult to buy a home.
( 17
min )
Bitcoin's Lightning Network is expected to help with Bitcoin's scalability issues, but the network faces several challenges. Here are three key issues.
( 25
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A salary reduction contribution is a contribution to a retirement savings plan that is generally a percentage of an employee's compensation.
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U.S. equities advanced at midday, bouncing back from Thursday's declines as market participants kept a close eye on Treasury yields and comments from Fed officials.
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min )
The Trade Desk shares plunged as the ad technology firm's current quarter outlook missed estimates on a pullback by some advertisers.
( 17
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Practical advice on saving for financial emergencies, college, and retirement, as well as goals such as a new car, a home, or launching a business.
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The Michigan Consumer Sentiment Index dropped to 60.4 in its preliminary November reading, a sharp drop from the previous month and well below economists' expectations.
( 17
min )
A spousal IRA is a strategy that allows a working spouse to contribute to an IRA in the name of a non-working spouse to circumvent income requirements.
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With the number of job openings persistently outnumbering the number of unemployed workers, it’s still a pretty good time to be a job seeker—although that varies a lot depending on the sector you work in.
( 17
min )
A tax bracket is a range of incomes subject to a certain income tax rate.
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Don’t lose out on the tax-free benefits of a Roth IRA by contributing too much or too little, withdrawing money too soon, or making another mistake.
( 32
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"It's an abuse of numbers," Saudi Arabia's energy minister said, as oil market participants are mistaking rising exports for rising production.
( 34
min )
The supermarket chain Booths says self-scan machines can be more trouble than they're worth.
( 34
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McDonald’s (NYSE:MCD) dividend growth has recently accelerated – a theme that I believe is here to stay. The iconic fast-food restaurant franchisor recently hiked its dividend by roughly 10%, a lofty rate versus the previous years. Simultaneously, the company’s Q3 results once again showcased McDonald’s ability to keep growing its top and bottom lines at attractive rates despite its very mature operations. Thus, I believe management will strive to sustain above-average hikes, moving forward. I a
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Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs said on Friday, without citing the underlying reasons. Overall, hedge funds are underweight financials, at the lowest level since May 2020, Goldman Sachs said.
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Buying gold is the easy part. Selling it, by contrast, carries risks and can get expensive. Here's what to know.
( 35
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(Bloomberg) -- The mortgage on former President Donald Trump’s Manhattan tower at 40 Wall St. has been transferred to a special servicer. Most Read from BloombergAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeWorld’s Biggest Bank Has to Trade Via USB Stick After HackNew ‘Call of Duty’ Draws Harsh Reviews After Rushed DevelopmentRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Saudis Find a Bottomless Money Pit in LucidThe Financial District building has be
( 34
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Is it time to place a trade with The Trade Desk (NASDAQ:TTD) stock? The Trade Desk’s quarterly results suggest that it’s a great time to take action, as the share price fell quickly. My contrarian instincts are telling me that there’s a major opportunity here, and I am cautiously bullish on TTD stock. Based in California, The Trade Desk offers a cloud-based platform that helps users manage digital advertising campaigns. Of course, The Trade Desk uses artificial intelligence (AI) since that’s pra
( 35
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A few stock segments offer stronger opportunities than the healthcare stocks. It’s not an easy sector to play, but veteran investors know that these stocks, despite their famously high overhead and long product lead times, can turn on a dime and deliver a win. It’s all tied into the nature of the biopharma industry. These companies spend fortunes researching new drugs and medical techniques – but their research can pan out in the form of multi-billion addressable markets. In the meantime, invest
( 37
min )
Bank of America director Thomas D. Woods recently bought $656,250 of shares of the bank on the open market.
( 21
min )
Shares of Hawaiian Electric Industries fell Friday after the banking and electric-utility company reported third-quarter results and updated investors on the [fallout from the Maui wildfire](https://www.wsj.com/us-news/climate-environment/hawaiian-electrics-ceo-told-congress-it-had-a-wildfire-plan-t
( 23
min )
Charles Schwab’s unrealized losses in a key part of its large bond portfolio widened in the third quarter to $19.4 billion as interest rates rose. Investors should pay attention.
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Financial guru Grant Cardone recently expressed skepticism about the traditional American Dream of homeownership, arguing that it is more of a financial burden than a benefit. In his view, the symbols of middle-class prosperity, such as cars, homes and college education, are hindering wealth accumulation. Cardone, set to release a new book titled "The Wealth Creation Formula," contends that owning a home is not the financial security it’s often believed to be. In an October interview with GoBank
( 34
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Nvidia (NASDAQ:NVDA) and Qualcomm (NASDAQ:QCOM) are semiconductor kingpins that have a lot to gain from the generative artificial intelligence (AI) race. AI isn’t the only significant growth driver, though, as both firms look to make a big splash into the CPU (central processing unit) chip waters, using none other than Arm’s (NASDAQ:ARM) technology. For those unfamiliar with Arm, it’s a firm that licenses its architecture to other companies seeking to create their own custom chips. As Nvidia and
( 36
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Li Auto is outselling Tesla in China. Its strategy is unique.
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min )
The new income thresholds have been bumped by more than 5%.
( 34
min )
Most Americans have less in their retirement accounts than they'd like, and much less than the rules say they should have. So, obviously, if that describes you then you're not alone. Now, most financial advisors recommend that you have between five … Continue reading → The post How Much Should I Have in My 401(k) at 50? appeared first on SmartAsset Blog.
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Just because you retire doesn't mean you have to stop working. And when work is an option rather than a requirement, it's possible to select a low-stress job that multiplies fulfillment without adding anxiety - but still provides a bit … Continue reading → The post 12 Low-Stress Jobs You Can Do in Retirement appeared first on SmartAsset Blog.
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Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a study from JPMorgan Chase shows that there is likely good reason to take out more. A withdrawal approach based solely on … Continue reading → The post 84% of Retirees Are Making This RMD Mistake appeared first on SmartAsset Blog.
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Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more high-earning tax filers … Continue reading → The post Where High-Earning Households Are Moving – 2022 Study appeared first on SmartAsset Blog.
( 35
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(Bloomberg) -- T. Rowe Price Group Inc. said clients will likely withdraw more than $26.3 billion in the fourth quarter, extending a streak of redemptions by investors ditching actively managed mutual funds for cheaper products or cash money-market holdings.Most Read from BloombergWorld’s Biggest Bank Has to Trade Via USB Stick After HackAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeNew ‘Call of Duty’ Draws Harsh Reviews After Rushed DevelopmentRockstar Plans to Announce
( 34
min )
Shares of Broadcom were on pace for a record high Friday.
The stock was recently up more than 2% to more than $930, rising for a tenth day in 11 sessions. It will set a new record if it closes above $922.89, according to Dow Jones Market Data. It would mark the first record close since August.
The
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Wynn Resorts stock fell after the casino operator reported earnings. But Wynn has reached a deal with Las Vegas Strip workers before a key Friday deadline.
( 21
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(Bloomberg) -- US states’ tax revenue is sliding broadly, raising the prospect of difficult budget decisions in coming years for officials as they spend through cash amassed during the pandemic.Most Read from BloombergAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeWorld’s Biggest Bank Has to Trade Via USB Stick After HackTrump’s 40 Wall St. Loan Transferred to Special ServicerNew ‘Call of Duty’ Draws Harsh Reviews After Rushed DevelopmentUS Credit-Rating Outlook Changed t
( 34
min )
Shares of Plug Power are down more than 30% Friday after the upstart hydrogen producer and fuel-cell maker warned it will struggle to stay afloat in the next year without raising additional cash.
The shares were on track for their lowest close since May 2020, according to Dow Jones Market Data.
Th
( 23
min )
Gene-sequencing company Illumina cuts its financial forecasts, prompting analysts to reduce their stock price targets.
( 23
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↘️ Illumina (ILMN): Shares dropped 12% after the maker of gene-sequencing products offered a gloomier outlook for sales and profits.
↘️ Trade Desk (TTD): The ad-tech company's stock fell abo
( 23
min )
Plug Power downgraded, Arm initiated: Wall Street's top analyst calls
( 35
min )
The equity risk premium is near a 20-year low, but that isn't a negative sign. Stocks tend to rise when the premium is at this level.
( 32
min )
(Bloomberg) -- Like nearly 20 million other Americans last Sunday, Aaron Klein was watching the Buffalo Bills go down against the Cincinnati Bengals. He was only half listening during a commercial break, checking his fantasy football scores, when an ominous voice broke from the usual pitches for beer or pickup trucks: “But now the Federal Reserve wants to impose unnecessary capital rules.”Most Read from BloombergWorld’s Biggest Bank Forced to Trade Via USB Stick After HackRockstar Plans to Annou
( 36
min )
Most Tesla stock arguments boil down to something very simple when considering the electric car maker's growth.
( 25
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These are not the best of times for the electric vehicle (EV) sector. Against a frail economic backdrop, what not long ago seemed to be a fledgling industry on the cusp of mainstream adoption has struggled with demand cooling down. Additionally, operating in the current interest-high climate amidst an extremely competitive environment has become increasingly difficult for many of the companies trying to ride this secular trend. The malaise has spread across the board, and, of course, has also af
( 37
min )
Citi CEO Jane Fraser is cutting jobs and downsizing globally. With a 5% yield and cheap stock, Citi could pay off.
( 31
min )
Workers belonging to the United Auto Workers (UAW) at General Motors' Flint assembly plant in Michigan have narrowly voted against a proposed contract with the automaker, the union's local chapter said. UAW Local 598 said in a Facebook post on Thursday that 51.8% of votes cast were against the proposed deal. Union workers are voting on contracts from each of Chrysler-owner Stellantis, General Motors and Ford Motor, after the first coordinated strike against Detroit's Big Three automakers.
( 34
min )
Shares in Diageo sank after the Johnnie Walker whisky and Smirnoff vodka owner warned that sales and profit in the first half of its fiscal year would be weaker than expected.
The booze giant blamed a worsening macroeconomic environment in Latin America and the Caribbean, where it said consumers we
( 24
min )
Shares in Trade Desk, the streaming TV advertising infrastructure provider, plummet after a weak outlook. They may be oversold, say analysts.
( 22
min )
Veterans Day is celebrated annually in the U.S. on Nov. 11. This year, it falls on a Saturday.
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Don’t lose out on the tax-free benefits of a Roth IRA by contributing too much or too little, withdrawing money too soon, or making another mistake.
( 32
min )
The United States is importing record amounts of beef this year and exporting less after ranchers slashed the nation's cattle herd to its lowest level in decades, tightening margins for meat companies like Tyson Foods. The decline in cattle numbers, after years of drought fried pasture lands used for grazing, led to soaring U.S. beef prices. Higher prices incentivize companies to import cheaper beef and discourage U.S. beef purchases by buyers like China, Japan and Egypt.
( 36
min )
Mortgage rates are down slightly, the number of homes for sale is up, and sellers are dropping their asking price, according to a new Redfin report.
( 36
min )
Diageo’s shares have plunged after the Johnnie Walker and Guinness owner warned of a major slowdown in sales and warned over profits.
( 35
min )
Plug Power reports a third-quarter loss wider than a year earlier and revenue that misses analysts' expectations, while Trade Desk's outlook for the fourth quarter is shy of Wall Street estimates.
( 25
min )
Plug Power stock tumbled after it issued a warning over its financial position. The hydrogen-technology company looks to be in dire need of a governemnt tax credit and a potential loan to turn its fortunes round.
( 23
min )
Diageo shares had their worst one-day fall in more than three years after the liquor maker cut its guidance for both the short and medium term.
( 25
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"These impacts are slowing down progress in reducing channel inventory to appropriate levels for the current environment." Latin America and Caribbean makes up nearly 11% of the company's net sales, according to Diageo. Diageo's financial year 2023 ended on June 30.
( 33
min )
CEO Amnon Shashua is taking on Tesla and Elon Musk in self-driving—and he might just win.
( 39
min )
A long-awaited bounce for Old World shares relative to the U.S. hasn’t happened yet. But consider these cash-flow favorites from Oakmark International manager David Herro just the same.
( 32
min )
Stocks related to wind, solar and other forms of renewable energy have fallen by a third this year. Only a handful may be ready to rebound.
( 47
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A sea of red awaits Europe as investors gave up any attempt at a rally in risk assets, after Fed Chair Jerome Powell made it clear that tackling inflation remains the central bank's main concern and warned that rate hikes are still on the table. Since the Fed left rates unchanged last week, markets had increasingly grown confident that the peak in U.S. rates was in sight. Futures indicated the dark mood was set to continue in European bourses.
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The country’s factories lack customers and are pushing exports harder, raising trade tensions.
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(Bloomberg) -- Trade Desk Inc. plummeted as much as 31% in extended trading Thursday after the digital advertising platform gave a weak revenue forecast for the current quarter, sending up a warning flare about the health of the ad market.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Saudis Find a Bottomless Money Pit in LucidTwo-Year Yield Tops 5% on Powell’s ‘Sterner’ Tone: Markets WrapIsrael Latest: US Says Forces Attacked Again After Syria StrikeNew
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Wie een zorgverzekering bij Univé heeft, betaalt daar volgend jaar 147,30 euro premie per maand voor. Dat is een verhoging van vijf euro. Daarmee blijft ook bij deze verzekeraar de stijging onder de 12 euro die de overheid had verwacht.
( 8
min )
Een Nederlandse munt van 1 cent is deze week in Veldhoven verkocht voor een recordbedrag van 110.000 euro, schrijft de Gelderlander. Nog nooit werd in ons land zo veel geld betaald voor 1 cent.
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min )
Het Openbaar Ministerie eist een boete van 2,5 miljoen euro tegen twee chemische bedrijven op het Limburgse bedrijventerrein Chemelot. Het gaat om AnQore en OCI. Eerder eiste het OM al een boete voor Sabic.
( 5
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De AOW-leeftijd blijft in 2029 ongewijzigd, schrijft minister Carola Schouten in een brief aan de Tweede Kamer. Net als in het jaar ervoor krijgen mensen AOW vanaf 67 jaar en 3 maanden.
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min )
De productie van de Nederlandse industrie ligt nog steeds aanzienlijk lager dan een jaar geleden. Sinds januari is al een daling te zien. Vooral machineproducenten maken minder.
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Het Openbaar Ministerie eist een boete van 2,5 miljoen euro tegen AnQore. De fabrikant heeft volgens justitie te weinig gedaan om een groot blauwzuurlek te voorkomen. Het is het tweede bedrijf op het industrieterrein Chemelot dat deze week voor de rechter moet verschijnen.
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De Finse politie heeft bewijs dat het anker dat dicht bij een beschadigde gaspijpleiding in de Oostzee werd gevonden, waarschijnlijk van een Chinees containerschip was. Dat schip wordt al langer in verband gebracht met het lek dat vorige maand ontstond aan de Balticconnector-leiding.
( 9
min )
CZ en Zilveren Kruis verhogen de maandpremie van hun meestgekozen basisverzekeringen. Eerder maakten ook VGZ en Menzis al premiestijgingen bekend. Volgens de twee grootste zorgverzekeraars met samen 9 miljoen klanten blijven de kosten stijgen door loonstijgingen en omdat we steeds meer zorg gebruiken.
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Een voormalige topman van China Citic Bank is vanwege corruptie ter dood veroordeeld. Sun Deshun zou voor omgerekend 125 miljoen euro aan smeergeld hebben ontvangen. Hij bekende vorig jaar tijdens de rechtszaak schuld.
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min )
Baggeraar en maritiem dienstverlener Boskalis is bezig aan "een van de beste jaren" in zijn bestaan. Het bedrijf heeft in het afgelopen kwartaal de opdracht gekregen de Fremantle Highway te bergen en heeft het beste derde kwartaal ooit beleefd.
( 9
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Zorgverzekeraar Zilveren Kruis verhoogt de maandpremie voor de meestgekozen basisverzekering van 138,95 euro naar 147,45 euro. Eerder maakten ook VGZ en Menzis al premiestijgingen bekend. Volgens Zilveren Kruis-directeur Georgette Fijneman blijven kosten stijgen omdat we steeds meer zorg gebruiken.
( 9
min )
De Britse economie bleef in het derde kwartaal van dit jaar steken op een nulgroei. Dit betekent dat de economie niet kromp, maar ook niet groeide. Dat blijkt uit cijfers van het Britse statistiekbureau ONS.
( 8
min )
Onderhandelaars van de EU-landen en het Europees Parlement zijn het eens geworden over de veelbesproken natuurherstelwet. De wet, die het verlies van plant- en diersoorten in Europa moet stoppen, scheerde meermaals langs de rand van de afgrond.
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De productie van de Nederlandse industrie ligt nog steeds aanzienlijk lager dan een jaar geleden. Sinds januari is al een daling te zien. Vooral machineproducenten maken minder.
( 9
min )
De meest gekozen zorgverzekering van VGZ kost in 2024 146,95 euro per maand. Dat is 5 euro meer dan dit jaar. Ook Menzis kwam gisteravond met een hogere premie (5,50 euro meer). Naast loonstijgingen en inflatie komt dat volgens VGZ doordat we langer leven en steeds meer zorg vragen.
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De meest gekozen zorgverzekering van VGZ kost in 2024 146,95 euro per maand. Dat is 5 euro meer dan dit jaar. Ook Menzis kwam gisteravond met een hogere premie (5,50 euro meer). Naast loonstijgingen en inflatie komt dat volgens VGZ doordat we langer leven en steeds meer zorg vragen.
( 7
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De meest gekozen zorgverzekering van VGZ kost in 2024 146,95 euro per maand. Dat is 5 euro meer dan dit jaar. Ook Menzis kwam gisteravond met een hogere premie (5,50 euro meer). Naast loonstijgingen en inflatie komt dat volgens VGZ doordat we langer leven en steeds meer zorg vragen.
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min )
If some economists' forecasts come true, household budgets could get relief from rapid cost-of-living increases and the upward pressure on interest rates for all types of credit.
( 19
min )
Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 5.80% from either Seattle Bank or Credit Human, and 5.76% from TotalDirectBank.
( 19
min )
Officials at the Federal Reserve said they might raise the central bank’s benchmark interest rate over its current 22-year high—but markets, for the most part, don’t believe them.
( 19
min )
The S&P 500 fell 0.8% on Thursday, Nov. 9, 2023, after Fed Chair Jerome Powell suggested that more steps may be needed to bring down inflation.
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min )
By taking charge of their finances, women can create sustainable retirement plans and help close the gender savings gap.
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min )
To recommend the best health insurance companies, we evaluated nine leading health insurers across 27 criteria, including cost, quality, plan features, and more.
( 24
min )
Discover the differences between Bitcoin and credit card transactions, as well as the advantages of using one over the other.
( 24
min )
Lower-than-anticipated losses and the announcement of an 18% headcount reduction have contributed to a boost in Virgin Galactic's stock price.
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min )
If you want to get into house flipping but don't have the cash to invest, read on for options.
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If there is no relationship between the two companies, then yes, collectively up to the contribution amount allowed by the IRS.
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min )
Affirm shares skyrocketed after the company posted better-than-expected results on booming volumes and efforts to limit the impact of delinquencies.
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min )
AMC Entertainment announced another stock sale to boost the struggling theater chain's finances, and shares sank.
( 17
min )
Married couples filing jointly will receive a standard deduction of $29,200, an increase of $1,500 from the year before.
( 17
min )
Tesla is raising the prices of its refreshed Model 3 and Model Y long-range vehicles in China after a style revamp.
( 17
min )
Apple suffered a blow in a European court case over taxes after a tribunal was said to have made errors in a previous ruling in favor of the tech giant.
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min )
Disney, Paramount, and Warner Bros. Discovery shares rose in intraday trading Thursday after studios reached a tentative deal with striking actors.
( 17
min )
Singles' Day is a holiday celebrated by unmarried people in China and is known for being the largest online shopping event in the world.
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min )
The price of the Ethereum network's underlying base crypto asset spiked after a filing in Delaware indicated that Blackrock may be considering an ETF.
( 18
min )
Find out what to do if your employer doesn't offer a 401(k) retirement savings plan, including alternative investment options.
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min )
As the reality of the resumption of student loan payments sinks in, more borrowers are joining a new repayment plan that sets monthly payments for 2.9 million borrowers at $0 per month.
( 18
min )
After years of unprecedented expansion, growth in China showed signs of persistent slowing in the 2010s. Did the U.S. need to worry or would it benefit?
( 24
min )
First Republic Bank’s CD rates are relatively high, but they have a high minimum balance requirement as well. Learn more and see if First Republic is right for you.
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min )
Disney shares surged after beating profit estimates and saying it would cut costs, while Tesla shares fell after HSBC initiated coverage with a “reduce” rating.
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min )
Here are some instances when it's wise to take money out of this tax-free investment account.
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The U.S. government could try to control its spiraling debt costs by capping the yields on the bonds it issues. But such a move, though not unprecedented, would risk reigniting inflation.
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min )
Rates on 30-year mortgages dipped a bit lower Wednesday, keeping the average near its cheapest level since September. Rate movement was slight across all loan types.
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min )
Learn what to watch for before you find yourself drowning in debt or filing for bankruptcy.
( 27
min )
AstraZeneca raised its guidance on higher demand for its cancer treatments and signed a licensing agreement with Eccogene for the Chinese company's experimental weight-loss pill.
( 18
min )
Low-income loans can help those with limited income access funds for emergency expenses or other needs. Learn more about the types of loans available, eligibility requirements, and how to apply.
( 24
min )
A range of online companies offer personal loans for $35,000 or more with reasonable rates and terms.
( 24
min )
There are plenty of purposes of a $5,000 personal loan, with top options including debt consolidation and financing large purchases.
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min )
Military personnel have a number of options for saving and investing. Learn how military retirement plans work and how to save as a service member.
( 27
min )
Arm reported record revenue in its first report since going public, but ADRs fell as its current quarter guidance missed analyst estimates.
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min )
An IRA transfer is the act of moving funds from an individual retirement account (IRA) to a retirement account, brokerage account, or bank account.
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min )
Bancassurance is an arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank's client base.
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min )
Read about the six biggest Canadian natural gas companies as measured by market capitalization.
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min )
U.S. consumers spent $10.6 billion on Halloween in 2022, with 2023 numbers expected to tally $12.2 billion.
( 21
min )
Retiring successfully if you're a small business owner requires both an exit strategy and a bulletproof retirement plan, both for you and your staff.
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min )
A bearer bond is a fixed-income instrument that is owned by whoever has possession of it. Like cash, it has no registered owner.
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min )
The U.S. Department of Veterans Affairs was the name given to the Veterans Administration when it was elevated to a Cabinet-level department in 1988.
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min )
If you are a military retiree or veteran, you should know about medical care benefits you may be missing.
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The Veterans Administration, known today as the Department of Veterans Affairs, provides medical care, benefits, and other services to veterans.
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min )
Read more about how SIMPLE IRAs work under ERISA rules, which cover most employer-sponsored retirement plans.
( 24
min )
A bond rating is a grade given to bonds that indicates their credit quality. Learn how credit rating agencies assign bond ratings.
( 23
min )
Both traditional IRAs and Roth IRAs can be opened for kids of any age and the benefits range from the savings themselves to learning about money.
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min )
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Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 5.80% from either Seattle Bank or Credit Human, and 5.76% from TotalDirectBank.
( 21
min )
Casino operator Wynn Resorts beat third-quarter profit estimates on Thursday
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min )
A jury said Robert De Niro’s company should pay more than $1.2 million to his former personal assistant after finding his production company engaged in gender discrimination and retaliation. While the jury found De Niro was not personally liable for the abuse, they said his production company, Canal Productions, should make two payments of $632,142 to his longtime personal assistant, Graham Chase Robinson. De Niro, who spent three days at the two week-trial, including two on the witness stand, has been ensnared in dueling lawsuits with Robinson since she quit in April 2019.
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U.S. wood pellets have never been more in demand around the world as a replacement for coal. Yet investors are dumping shares of the biggest U.S. pellet exporter after it warned that it may not be able to remain in business.
Enviva—which grinds up trees at facilities across the South and [ships the
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min )
In the early days of the electric vehicle (EV) market, automobiles were sold at a premium. Tesla Inc. unveiled the Model S in March 2009 with a base price of $57,400. And that was nearly 15 years ago. However, the EV market is experiencing a shift. With availability on the rise, two things are happening: EV sales are following suit and price reductions are taking place. Every EV maker is being impacted by this shift, with Tesla in the crosshairs. Don’t Miss: Until 2016 it was illegal for retail
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Married couples filing jointly will receive a standard deduction of $29,200, an increase of $1,500 from the year before.
( 19
min )
(Bloomberg) -- Individual investors who had been behind the stock-market rally this year pulled more money from US equities in October than they have in any month over the past two years.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Two-Year Yield Tops 5% on Powell’s ‘Sterner’ Tone: Markets WrapGriffin Says Peace Dividend Over, High Inflation to Last DecadesSaudis Find a Bottomless Money Pit in LucidNew Ozempic Rival Is About to Make Your Weight Loss Dr
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min )
The U.S. Treasury had sold three-year and 10-year notes earlier in the week, which came out relatively better than expected given the increase in auction sizes from the previous month. The fight to restore price stability "has a long way to go," the Fed chair said.
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min )
(Bloomberg) -- Treasuries tumbled and stocks pushed lower after Jerome Powell threw cold water on Wall Street’s dovish bid by saying officials aren’t fully convinced they have tightened enough.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Griffin Says Peace Dividend Over, High Inflation to Last DecadesUS 30-Year Mortgage Rate Tumbles by Most in More Than a YearIsrael Latest: Army Says Daily Pauses to Let Gazans Flee SouthStocks Fall, Yields Climb After
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min )
The equity risk premium is near a 20-year low, but that isn't a negative sign. Stocks tend to rise when the premium is at this level.
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min )
The IRS has released the new tax brackets for tax year 2024.
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min )
The IRS is rolling out new income thresholds for its seven tax brackets, boosting the limits to reflect inflation this year.
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min )
Lack of demand for longt-term Treasury bonds at a Thursday auction casued yields to spike and stocks to sink.
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min )
The Internal Revenue Service announced its annual inflation adjustments to federal income-tax brackets for 2024
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min )
U.S. electric vehicle startup Fisker is negotiating with five carmakers over a partnership to secure additional production capacity for its vehicles, its Chief Executive Henrik Fisker said on Thursday. The CEO told Reuters in May he was exploring partnerships with everyone from suppliers to tech companies to scale up production. The California-based startup has one vehicle on the market - an SUV called "Ocean", being launched from a factory in Austria operated by a unit of Magna International Inc. Two further models, a pickup and a smaller SUV, are due to be released by 2025.
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The biotech industry has been in the limelight since the COVID-19 pandemic, with public and private sectors pouring in funds to bolster innovation and the development of relevant drugs. Approximately 63% of public biotech firms reported revenue growth in 2021. Emerging biotech companies, which have annual revenue below $500 million, recorded a median 40% annual revenue growth rate, outpacing industry giants, which reported a lower 35% average annual revenue growth rate. While the pandemic-relate
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min )
In an interview with Yahoo! Finance published in 2017, legendary investor Warren Buffett pinpointed a fundamental error many investors make. Buffett, known for his simple yet effective investment philosophy, highlighted the pitfalls of overconfidence in the market. Buffett’s investment strategy, often summarized as buying stocks when they’re affordable and holding onto them, has stood the test of time. Yet, he observes that investors repeatedly fall into the same traps. During an interview in Om
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min )
One of this year’s hottest stocks is on pace for its worst day of the year.
Eli Lilly shares are down nearly 5% on Thursday morning. If shares close at current prices, it will be the worst day for the stock in at least about a year, according to Dow Jones Market Data.
Lilly shares are still up mor
( 23
min )
IBM will replace its 401(k) match with a "retirement benefit account." What it means and how it can affect retirement savings for employees and you.
( 35
min )
Disney stock rose on Thursday as CEO Bob Iger plans more cost cuts. Analysts are cautiously optimistic that could help the shares move higher from their current nine-year lows.
( 23
min )
(Bloomberg) -- Mark Spitznagel, the Universa Investments founder and chief investment officer whose firm is advised by Black Swan author Nassim Nicholas Taleb, said the stock market is likely to surge — then turn drastically when the Federal Reserve starts cutting interest rates. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’US 30-Year Mortgage Rate Tumbles by Most in More Than a YearGriffin Says Peace Dividend Over, High Inflation to Last DecadesAdam N
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min )
Movie-theater chain AMC files to offer up to $350 million of stock.
( 20
min )
Thursday, HSBC launched coverage of Tesla stock with a Sell rating and $146 price target.
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min )
Bitcoin and other cryptocurrencies rallied Thursday to fresh 18-month highs, carrying forward the momentum from a recent rally and supported by a number of factors that suggested gains can continue.
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min )
Copart, the world's largest auctioneer of salvaged vehicles, is gaining market share and growing margins. It's an under-the-radar growth stock story.
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min )
Instacart posted better-than-expected results in the grocery delivery company’s first earnings report since it went public in September.
( 23
min )
Space tourism company Virgin Galactic reported a third-quarter per share loss of 28 cents from sales of $1.7 million. Wall Street was looking for a 42 cent loss from sales of $1.1 million.
( 22
min )
WeWork's co-founder and former chief executive exited four years ago as a billionaire. As WeWork slogs through bankruptcy, there's a further twist in the tale, The Wall Street Journal's Eliot Brown reports.
SoftBank has hundreds of millions of dollars in outstanding loans to Adam Neumann that are b
( 22
min )
Thursday, HSBC launched coverage of Tesla stock with a Sell rating and $146 price target.
( 21
min )
Chief Executive Officer Chip Brewer says the company is "taking decisive action" to cut costs.
( 20
min )
The Maryland-based biotech has flagged concerns about its ability to remain in business and has been banking on cost cuts and commercial sales of its retooled COVID shot to help it stay afloat. In a regulatory filing on Thursday, Novavax said it had $666 million in cash as of Sept. 30.
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min )
Nvidia is reported to be lining up new chips for the Chinese market as it looks to satisfy U.S. regulations on the export of technology to China.
( 21
min )
Better-than-expected earnings from Li Auto have shares of the Chinese electric-vehicle maker rising Thursday.
( 22
min )
An executive at a video-streaming platform and another at a pharmaceutical company joined the growing list of Chinese business and political figures who have vanished or been detained this year.
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min )
Estate planning usually involves determining how to pass assets on to younger generations. But instead of leaving a piece of real estate, bank account or burgeoning stock portfolio to your children, the smarter tax move might be to leave those assets to your parents. That's the crux of a clever tax minimization strategy known as […] The post ‘Upstream Gifting’ Can Help You Avoid Estate Taxes and Preserve Your Stepped-Up Basis appeared first on SmartReads by SmartAsset.
( 36
min )
(Bloomberg) -- It’s the buzz word on Wall Street and in the hallways of the Federal Reserve and Treasury Department. It’s blamed for triggering bond selloffs, shifts in debt auctions and interest-rate policy. That few agree on what exactly it reflects, or how to measure it, seems to matter little — the term premium is a powerful new force in the market.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’US 30-Year Mortgage Rate Tumbles by Most in More Than a
( 36
min )
Walt Disney's earnings beat estimates and subscribers surge, chip designer Arm issues a disappointing forecast, and Applovin's profit exceeds analysts' expectations.
( 26
min )
(Bloomberg) -- Oil demand is healthy and speculators are to blame for the recent drop in crude prices, said Saudi Arabia’s energy minister. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’US 30-Year Mortgage Rate Tumbles by Most in More Than a YearAdam Neumann Remains a Billionaire Even With WeWork BankruptcyVirginia Democrats Fend Off Republican Sweep in Win for Abortion RightsEverything We Know About Grand Theft Auto 6 Right Now“It’s not weak,” Prince A
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min )
Nvidia is planning to release three new chips for China, local media reported on Thursday, weeks after the U.S. blocked it from selling two high-end artificial intelligence (AI) chips and one of its top gaming chips to Chinese firms. The STAR Market Daily news outlet, citing people familiar with the matter, said that the chips are called the HGX H20, L20 PCIe and L2 PCIe and that Nvidia could announce them on Nov. 16 at the earliest. Nvidia declined to comment when asked about the report.
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min )
Bitcoin is up over 32% in the past month.
( 33
min )
Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) is the undisputed leader in the global technology industry, with a wide range of products and services that are familiar to billions of people. That alone sums up the case for Alphabet; it has no equal in what it does, and it is far ahead of the competition. The company is also making huge investments in its AI segment and reaping the benefits. Don’t let the market’s reaction to some of its growth figures fool you; Alphabet remains unparalleled. However, the
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"That's to deal with the tough rock that contains a lot of things that heretofore we weren't able to produce," Hamm explained at an energy conference.
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min )
Bijna 80 procent van alle Nederlanders van twaalf jaar of ouder beschikt over digitale basisvaardigheden. In geen enkel ander Europees land kunnen zoveel mensen overweg met de computer, internet of software.
( 9
min )
Het Europees Parlement heeft donderdag een resolutie aangenomen waarin de EU-landen worden opgeroepen om strenger toe te zien op het Europese sanctiepakket tegen Rusland. Het parlement vindt dat de EU-landen het Rusland te gemakkelijk maken om de sancties te omzeilen.
( 9
min )
Coöperatie Menzis verhoogt in 2024 de premie voor de basisverzekering met 5,50 euro. Daarmee komt het maandbedrag voor verzekerden op 146,75 euro. Het demissionaire kabinet raamde dat iedereen ongeveer 12 euro meer zou gaan betalen in 2024.
( 9
min )
Een liter diesel kost donderdag 1,998 euro, meldt consumentencollectief UnitedConsumers. Het is voor het eerst sinds begin september dat de adviesprijs van diesel onder de 2 euro ligt.
( 9
min )
Het Europees Parlement heeft donderdag een resolutie aangenomen waarin de EU-landen worden opgeroepen om strenger toe te zien op het Europese sanctiepakket tegen Rusland. Het parlement vindt dat de EU-landen het Rusland te gemakkelijk om de sancties te omzeilen.
( 9
min )
Videochatdienst Omegle is door de eigenaar offline gehaald omdat het online platform door sommige gebruikers werd misbruikt. Via de dienst werden gebruikers willekeurig aan elkaar gekoppeld voor een videogesprek.
( 8
min )
Eigenaren van nieuwbouwhuizen kunnen de komende jaren mogelijk hogere huurprijzen vragen. Het gaat dan om nog te bouwen woningen in het middensegment. Dat voorstel doet demissionair woonminister Hugo de Jonge, die hoopt dat een aantal nieuwbouwprojecten hierdoor weer wordt opgestart.
( 9
min )
Grote kledingmerken als H&M moeten meer gaan betalen voor kleding uit fabrieken in Bangladesh. De regering in het land heeft het minimumloon flink verhoogd en kledingfabrieken gaan dat doorberekenen aan internationale kledingmerken.
( 8
min )
Door de loonstijgingen van 2023 kijken meer mensen in Nederland uit naar een koopwoning. Zo kunnen hogere inkomensgroepen soms tot wel 50.000 euro meer lenen dan een jaar eerder. Maar daardoor gaan de huizenprijzen wel omhoog.
( 10
min )
Grote kledingmerken als H&M moeten meer gaan betalen voor kleding uit fabrieken in Bangladesh. De regering in het land heeft het minimumloon flink verhoogd en kledingfabrieken gaan dat doorberekenen aan internationale kledingmerken.
( 8
min )
Terwijl toezichthouder ACM in Nederland onderzoekt of we te weinig spaarrente krijgen door gebrekkige concurrentie van banken, is de Belgische concurrentiewaakhond daar al over uit. De vier grote banken zijn te dominant, oordeelt de BMA.
( 10
min )
Winkelketen Action gedijt goed nu prijsbewuste consumenten proberen te besparen. De omzet van het bedrijf is in de eerste negen maanden ruim 30 procent gestegen, mede door winkelopeningen in Duitsland, Oostenrijk en Italië.
( 9
min )
Dieven hebben het gemunt op e-bikes, scooters en bedrijfsauto's. Niet eerder zijn er zo vaak onderdelen gestolen als in de eerste negen maanden van dit jaar. In 2012 is de politie begonnen met het bijhouden van deze cijfers.
( 9
min )
Cryptomunt bitcoin is voor het eerst sinds april 2022 meer waard dan 34.000 dollar (31.800 euro). Beleggers zijn positief over de mogelijkheid om via beleggingsfondsen in de munt te investeren. De waarde van de bitcoin is sinds begin dit jaar al meer dan verdubbeld.
( 8
min )
China kampt weer met deflatie. De consumentenprijzen waren in oktober 0,2 procent lager dan een jaar eerder. Dit laat zien dat de bestedingen van Chinezen achterblijven. In juli had het land ook al te maken met deflatie.
( 9
min )
Dieven hebben het gemunt op e-bikes, scooters en bedrijfsauto's. Niet eerder werden er zo vaak onderdelen gestolen als in de eerste negen maanden van dit jaar. In 2012 begon de politie met het bijhouden van deze cijfers.
( 9
min )
Richard Branson's Virgin Galactic space tourism firm plans to lay off about 18% of its employees as it faces turbulent headwinds in the capital markets, the company says.
( 36
min )
Revenue at Affirm was $497 million, up 37% from the year-ago quarter and well-ahead of the $444 million forecast by analysts surveyed by FactSet.
( 22
min )
AMC Entertainment Holdings beat third-quarter revenue estimates on Wednesday, riding on the success of "Barbie" and "Oppenheimer" movies as volumes of theatrical releases also improved at the box office. The movie theater chain posted revenue of $1.41 billion for the quarter ended Sept. compared with market estimates of $1.26 billion, according to LSEG data.
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min )
Former President Donald Trump has vehemently criticized Governor Ron DeSantis’s approach to the Florida insurance market, condemning what he sees as protections for insurance companies that disadvantage state residents — particularly those hit by hurricanes. Trump labels DeSantis-supported legislation as a historic “insurance company bailout,” arguing it intensifies homeowners’ financial distress. Extending his rebuke to legislative actions, Trump singles out House Bill 837 and Senate Bill 236,
( 34
min )
Revenue at Affirm was $497 million, up 37% from the year-ago quarter and well-ahead of the $444 million forecast by analysts surveyed by FactSet.
( 22
min )
Hedge fund manager David Einhorn, whose Greenlight Capital gained 27.7% in the first nine months of 2023, said he is "worried about the direction of the market", bracing for higher oil prices and ready to buy beaten-down stocks. Einhorn's views on markets and specific stocks are widely watched for clues about investment trends. "Current extreme levels of geopolitical tension will lead to lower stock prices over a time frame that lasts more than a couple of hours," Einhorn and his team wrote to investors on Wednesday in a letter seen by Reuters.
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Markets have been highly volatile over the past few months, shifting rapidly between ups and downs. However, Bank of America strategist Savita Subramanian sees a strong ‘Buy’ signal that investors should note. Subramanian is pointing out the Sell Side Indicator, a sentiment gauge with an accurate history of identifying shifts in sentiment on Wall Street. Currently, the indicator is three times closer to ‘Buy’ than ‘Sell,’ a position that suggests a bullish future for equities.” “The SSI has been
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"Dr. Doom" is launching the Atlas Climate Token, a stablecoin backed by a portfolio of liquid assets.
( 34
min )
The alternative benchmark offers a better view of America’s stockmarket
( 36
min )
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Media and theme-park giant Walt Disney is set to report its latest quarterly financial results after the closing bell today. Here's what Wall Street anal
( 24
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Warner Bros. Discovery Chief Executive David Zaslav said the company is now in a position to spend more on potential acquisitions after paying off billions of dollars of debt.
“We could be really opportunistic over the next 12 to 24 months,” Zaslav said on a call with analysts to discuss the compan
( 24
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Financial advisors describe the most common blunders they see very wealthy people make.
( 22
min )
Steve Ballmer, once an assistant to Bill Gates at Microsoft, is now ranking just a few spots away from his former boss on the list of the world’s richest people. According to Bloomberg, Ballmer’s net worth soared to $117 billion in October 2023, placing him as the fifth-richest globally, just $5 billion short of Gates’ wealth. Gates has donated a substantial part of his fortune to charity since leaving Microsoft. According to Forbes’ real-time billionaires list on Nov.8, 2023, Steve Ballmer’s ne
( 35
min )
Today's best CD rates are 6.18% from Bayer Heritage Federal Credit Union, 6.07% from OMB, 5.80% from either Seattle Bank or Credit Human, and 5.76% from TotalDirectBank.
( 19
min )
General Motors and Stellantis joined other automakers investing a combined $33 million in Niron Magnetics, a startup producing rare earth-free magnets used in electric vehicles, amid concerns about reliance on China for materials.
( 17
min )
Eli Lilly shares hit an all-time high after receiving FDA approval for Zepbound, an injectable treatment to help people lose weight.
( 18
min )
The S&P 500 was up 0.1% on Wednesday, Nov. 8, 2023, keeping its winning streak alive as the market weighed the possibility of more Fed interest rate hikes ahead.
( 17
min )
Zero coupon bonds are bonds that do not make any interest payments until maturity. You won't put a single penny of interest in your pocket for two decades.
( 26
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Disney's fourth-quarter fiscal 2023 earnings beat analyst predictions as the company saw robust subscription growth, narrower losses in its streaming segment and a booming theme park business.
( 17
min )
A cash balance pension plan is a type of retirement savings account with an option for payment as a lifetime annuity.
( 24
min )
CVS and Walgreens shares fell Wednesday after The Pharmacy Guild announced its launch, in an effort to unionize pharmacy workers calling for staffing and workload safety standards.
( 17
min )
Today's top rates on nationwide money market accounts are 5.35% from Brilliant Bank, 5.25% from UFB Direct, and 5.21% from Republic Bank of Chicago.
( 18
min )
If you're saving for retirement, you have several strategies to choose from. The best retirement plans are typically tax-advantaged accounts like 401(k)s and IRAs.
( 33
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Amazon is ratcheting up its push into the health care market by offering discount subscriptions to its One Medical primary care unit for Prime members.
( 17
min )
Sen. Booker proposed a baby bond program as a means to end intergenerational poverty. But how effective would such a seemingly radical plan be?
( 25
min )
An audit trail tracks accounting data to its source for verification. Learn how companies use auditing to reconcile accounts and detect fraud.
( 24
min )
Taking advantage of increasingly attractive yields on a virtually risk-free investment, U.S. investors flocked to money market funds in the third quarter amid floundering stock markets.
( 18
min )
Here's what to keep in mind when considering investing in Fundrise's eREITs.
( 25
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Learn to take advantage of special tax breaks for military members so you can make the most of your money and your benefits.
( 24
min )
Spirit AeroSystems shares tumbled after the Boeing supplier announced measures to raise cash following a series of production issues that delayed aircraft deliveries.
( 17
min )
Shares of electric vehicle maker Lucid Motors fell roughly 10% on Wednesday, a day after the company reported less-than-impressive third-quarter results and cut its production guidance for the year.
( 18
min )
An equity risk premium is an excess return that investing in the stock market provides over a risk-free rate.
( 25
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Accounts receivable aging is a report categorizing a company's accounts receivable according to the length of time an invoice has been outstanding. Learn how it's used.
( 25
min )
Wholesale inventories rose in September 2023 by 0.2%, helped by a 2.9% jump in auto parts inventory as the autoworkers’ strike may have impacted supplies.
( 17
min )
Tax-efficient investing can minimize your tax burden and maximize your returns. Find out why tax-efficient investing is important and how it can save you money.
( 27
min )
Is there a cryptocurrency price correlation with the equity markets? We investigate.
( 25
min )
Sensex is an abbreviation of the Sensitive Index, India's stock index. Its components trade on the BSE, formerly known as the Bombay Stock Exchange.
( 25
min )
How the FAFSA helps students get federal and state financial aid, including grants, loans, and even scholarships.
( 28
min )
Vrouwen, mensen van buitenlandse afkomst en mensen met een beperking voelen zich relatief vaak gediscrimineerd op de werkvloer. Net als personeel van grote bedrijven, medewerkers die weinig zelf mogen beslissen en personeel dat gevaarlijk werk doet.
( 10
min )
Het Japanse bedrijf Eneos Group heeft een recordbedrag van 4 miljoen dollar (ruim 3,7 miljoen euro) betaald om een plekje voor in de rij voor het overvolle Panamakanaal in Latijns-Amerika te krijgen. Dat komt naar voren uit veilingdocumenten.
( 8
min )
VVD, D66, GroenLinks-PvdA, CDA, ChristenUnie, Volt, JA21 en SGP hebben hun plannen voor de komende kabinetsperiode laten doorrekenen door het Centraal Planbureau. Een samenvatting van de plannen van de eerste vier partijen, de overige lees je in een ander artikel.
( 13
min )
VVD, D66, GroenLinks-PvdA, CDA, ChristenUnie, Volt, JA21 en SGP hebben hun plannen voor de komende kabinetsperiode laten doorrekenen door het Centraal Planbureau. Een samenvatting van de plannen van ChristenUnie, Volt, JA21 en SGP.
( 12
min )
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